During the first 11 months of 2014, 153 companies with Azerbaijani capital were founded in Turkey. On the number of established companies, Azerbaijan is among the top ten investors in the neighboring country.
Over the period, according to the Chambers of Commerce and Commodity Exchanges of Turkey, there were established 38 joint-stock companies with capital exceeding 44 million TL, of which 27.4 million TL (62.3%) belongs to Azerbaijani entrepreneurs. The remaining companies (115) were established in the form of limited liability companies.
It should be noted that in 2013 in Turkey Azerbaijani investors participated in the creation of 178 companies (including - 43 JSC), the formation of capital of which was invested more than 50 million TL. Most of these companies finally belong to investors from Azerbaijan, as they are formed at an average of 58.75% by their capital.
Azerbaijani investors create mainly companies operating in the hospitality and food business, import-export activities, trade, transport, etc. --08B-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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