Baku / 20.09.16 / Turan: 106 companies with Azerbaijani capital were established in Turkey in January-August of this year, according to the Association of Chambers and Commodity Exchanges of Turkey.
This year, with the participation of Azerbaijani capital 35 joint stock companies and 71 limited liability companies were established in Turkey. In the first eight months of 2015, 125 companies with participation of Azerbaijani capital were registered in this country.
In the capital of the newly created companies Azerbaijani investors invested more than 24 million TL, 30% more than last year. The bulk of the investments were in the capital of joint stock companies.
The share of the Azerbaijani founders accounts for 87% of the initial capital contribution. ---08B
Economics
-
Natural gas prices in Europe surged to their highest level since October 2023 on Friday, reflecting expectations of increased demand due to an impending cold spell in the region.
-
U.S. President Donald Trump’s proposed energy and trade policies could lead to a prolonged decline in global oil and gas prices, potentially triggering economic instability in Azerbaijan from 2026 onward, unless significant structural reforms are implemented, economist Gubad Ibadoglu warned in a recent analysis.
-
Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
-
Azerbaijan, Georgia, Turkey, and Bulgaria have agreed on the draft text of a memorandum of understanding in the field of green energy transmission, marking a significant step in the development of sustainable energy ties in the region. The document aims to expand energy exchange between the countries and establish a legal framework for the Green Energy Corridor project.
Leave a review