BAKU, Azerbaijan, March 18. Some 34 companies with Azerbaijani capital were registered in Turkey in January through February 2022, which was 11 companies less than in the same period of 2021, the Union of Chambers and Commodity Exchanges of Turkey (TOBB) told Trend.
The total capital of Azerbaijani companies recorded in Turkey in January through February 2022 amounted to 13.755 million Turkish liras ($928,189), while the figure was of 5.985 million Turkish liras ($403,864) in the same period of 2021.
During this time, 28 companies with Azerbaijani capital were listed in Istanbul, and their overall capital totaled 10.635 million Turkish liras ($717,612).
Out of the total number of registered companies, one operates in agriculture, four – in the industrial sector, two – in construction, 15 – in wholesale and retail trade, and two – in transport and logistics.
"The rest of these companies are involved in other sectors of the Turkish economy," TOBB said.
The total equity of 15 wholesale and retail companies registered during the reporting period reached 6.09 million Turkish liras ($410,936).
In 2021, 237 companies with Azerbaijani capital were recorded in Turkey. Their total capital amounted to 63.171 million Turkish liras ($4.26 million).
Some 207 companies with Azerbaijani capital were listed in Istanbul in 2021, and their overall equity reached 56.402 million Turkish liras ($3.8 million).
In 2020, 148 Azerbaijani companies were registered in Turkey, out of which 126 corporations with a total capital of 21.19 million Turkish liras ($1.4 million) were listed in Istanbul.
(1 USD = 14.6961TL on Mar. 18)
