11:59 - 25.06.2023

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June 25, Fineko/abc.az. 111 companies with Azerbaijani capital were registered in Türkiye for May 2023.

ABC.AZ reports with reference to the Turkish Chamber of Commerce & Industry (TOBB) that the indicator is by 7 companies less than in May 2022.

TOBB report says that despite decrease in the number of registered Azerbaijani companies, their total capital increased.

 “If in the reporting period the total capital of Azerbaijani companies registered in Türkiye amounted to 109.5 million Turkish liras, then for the same period in 2022 this figure was 42.4 million Turkish liras," TOBB said in a statement.

TOBB also noted that in May 2023, the majority of Azerbaijani companies (97) were registered in Istanbul.