Azerbaijan among Top Ten in Terms of Investment Activity in Turkey
2017 October 30 ( Monday ) 15:38:18
Baku / 30.10.17 / Turan: For the first nine months of this year, 96 companies with the participation of the Azerbaijani capital were established in Turkey. Azerbaijan is among the top ten in investment activity in this country.
According to the Association of Chambers and Exchanges of Turkey, compared to the same period in 2016, the number of established companies with the participation of investors from Azerbaijan decreased. In January-September 2016, 112 companies with Azerbaijani capital were opened in this country.
The initial capital of the Azerbaijani companies established this year in Turkey was 15.3 million Turkish liras (TL), of which 95% was invested by Azerbaijani investors. Last year 112 companies from Azerbaijan invested 10 million TL more in initial capital.
According to the Central Bank of Turkey, for eight months of this year, the volume of investments in the economy of Turkey amounted to 355 million US dollars. The bulk of these investments regard the Star Oil Refinery of Azerbaijan. The works are financed by the State Oil Fund of Azerbaijan. --08D