BAKU, Azerbaijan, Aug. 23
Trend:
A number of companies with Azerbaijani capital registered in Turkey from January to July 2021 grew, the Turkish Union of Chambers and Commodity Exchanges (TOBB) told Trend.
According to TOBB, this indicator reached 136 companies, which is by 77 companies more on annual basis.
The total capital of Azerbaijani companies registered in Turkey in the first seven months of this year amounted to 39.3 million Turkish liras ($4.6 million), while in the same period of 2020 this figure was nearly 9.8 million liras ($1.1 million).
Most Azerbaijani companies (120) were registered in Istanbul during the reporting period. Their total capital amounted to 35.8 million liras ($4.2 million).
"One company out of the total number of registered companies operates in the mining sector, one - in agriculture, 12 - in the industrial sector, six in construction, 57 - in the wholesale and retail trade, 15 - in the field of transport and logistics, six - in the tourism, eight - are engaged in the sale of real estate," TOBB said.
"The rest of the companies with Azerbaijani capital are involved in other sectors of the economy," the union also noted.
In accordance with the data, the total capital of 57 wholesale and retail trade companies registered during the reporting period amounted to 11.1 million Turkish liras ($1.3 million).
Some 148 companies with Azerbaijani capital were registered in Turkey in 2020. Of these, 126 companies with a total capital of 25.4 million Turkish liras ($2.9 million) were registered in Istanbul.
(1 USD = 8.5407 TRY on Aug. 23)
