In the first 11 months of 2015, the citizens and companies of Azerbaijan took part in the opening of 158 companies in Turkey, the Association of Chambers and Commodity Exchanges of Turkey said.
The number of companies with Azerbaijani capital in this country is growing at a steady pace. In January-November 2014 in Turkey there were established 153 companies with Azerbaijani capital.
The capital of the newly established companies was invested 56.8 million TL, of which 50.7 million TL accounts for our compatriots. The volume of investments in the Azerbaijani capital created over 11 months in 2015 increased by 30.3%.
According to statistics, the number of established joint-stock companies in Turkey in the past year, Azerbaijan (46 companies) was only behind Germany (84). In the number of companies with limited liability, Azerbaijan (112) was ahead of Russia (95) and finished seventh.
According to official data, in 2013-2015 the number of companies established with the participation of the Azerbaijani capital was 507. For the formation of their capital currency to the equivalent of 143 million TL was taken out of the country.
By the end of 2012, 1,190 companies with Azerbaijani capital operated in Turkey, the Ministry of Economy of this country reported. Over the past 3 years their number has grown by about 40%.
The Azerbaijan Ministry of Economic Development reported in March 2015 on the functioning of more than 1,500 companies with Azerbaijani capital in Turkey. In view of SOCAR, their investments in the Turkish economy were estimated at over $ 5 billion.
Many experts point out that due to the negative processes in the economy and more, some wealthy people withdraw capital from Azerbaijan. This process is fueled by the ongoing devaluation of the manat. ----08B
Economics
-
The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
-
Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
-
Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
-
Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
Leave a review