TODAY.AZ / Business

More registered Azerbaijani companies in Turkey

31 October 2018 [14:59] - TODAY.AZ

By Azernews


By Abdul Kerimxanov

As many as 113 companies with Azerbaijani capital were registered in Turkey in September 2018, which is 36 more than in the same month of 2017, the Turkish Chamber of Commerce reported.

The total capital of Azerbaijani companies registered in September amounted to 38.7 million liras ($7 million), while in September 2017 this indicator amounted to 12.6 million liras ($2.3 million).

"The number of companies registered in Turkey increased by 25.31 percent, and the number of registered cooperatives increased by 20 percent in September," the Chamber said.

The government officials noted that in September 2018, 6,328 companies and 66 cooperatives were registered in Turkey, while Istanbul accounted for 41.62 percent of the total registered companies and cooperatives.

The Chamber of Commerce also noted that following the results of January-September, 65,638 companies and cooperatives were registered in Turkey.

The number of closed companies in the first nine months of 2018 decreased by 8.64 percent, while the number of closed cooperatives decreased by 10.65 percent.

Relations between Turkey and Azerbaijan are developing in a rising way. This development shows itself in the economic relations established with the fraternal country.

Strengthening and expanding relations with Turkey, which is a reliable strategic partner of Azerbaijan in modern geopolitical conditions, is an important part of the country's foreign policy. Mutual visits of heads of state and government of both countries, as well as heads of relevant political, economic, trade, science, education, culture and other spheres have played an important role in the development of bilateral cooperation. 

Turkey and Azerbaijan are active participants in the process of regional cooperation. Both countries effectively use their economic and energy capabilities, as well as the geopolitical position to expand bilateral and regional cooperation.

Also, the two fraternal countries have gained good experience in the implementation of large-scale projects of international importance, which are well known in the region and the world. These are Baku-Tbilisi-Ceyhan oil pipeline, the Baku-Tbilisi-Erzurum gas pipeline, TANAP, the Southern Gas Corridor and the Baku-Tbilisi-Kars railway.

All projects initiated by Azerbaijan and Turkey are implemented successfully and serve further development and well-being of two nations.

URL: http://www.today.az/news/business/175464.html

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