Some 103 companies with Azerbaijani capital were registered in Turkey from January through May 2021, which is 59 companies less compared to the same period of 2020, the Turkish Union of Chambers and Commodity Exchanges (TOBB) told Trend.
The total capital of Azerbaijani companies registered in Turkey from January through April 2021 amounted to 23.3 million Turkish liras ($5.08 million), while in the same period of 2020 this figure was 5.74 million liras ($664,000).
Most Azerbaijani companies (91) were registered in Istanbul during the reporting period. Their total capital amounted to 20.8 million liras ($2.48 million).
“Of the total number of registered companies, 1 operates in the mining sector, 1 - in agriculture, 8 - in the industrial sector, four in construction, 43 - in the wholesale and retail trade, 12 - in the field of transport and logistics, 6 - in the tourism, 6 more are engaged in the sale of real estate,” the union said.
"The rest of companies with Azerbaijani capital are involved in other sectors of the economy," TOBB said.
In accordance with the data, the total capital of 43 wholesale and retail trade companies registered during the reporting period amounted to 8.7 million liras (slightly over $1 million).
In 2020, 148 companies with Azerbaijani capital were registered in Turkey. Including 126 such companies with a total capital of 25.4 million liras ($2.94 million) were registered in Istanbul.
(1 USD = 8.6398 TRY on June 18)