Azerbaijani capital flows into Turkey

For 10 months of 2021, physical and legal entities of Azerbaijan took part in the institution in Turkey 194 companies. Compared to last year, the activity of the opening of new companies in this country by Azerbaijani entrepreneurs increased by 67%.

According to Turan, with reference to the union of the Chambers and the Exchange of Turkey (the state register registration of commercial persons), 69.5 million Turkish Lire, 81.4% of which came from Azerbaijan at the establishment of the establishment of these companies. In an annual context, investments from Azerbaijan in newly created companies rose 2.4 times.

Azerbaijani entrepreneurs are established mainly by companies working in spheres – 83, transport – 22, manufacturing – 16, hotel and restaurant business – 10, construction – 9, information and ICT – 7, etc. The city of Istanbul accounts for 88% of companies created this year with the participation of Azerbaijani capital.