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Economy News - translation
About 9,828 companies with foreign partners were established in Turkey with a total capital of 5.4 billion Turkish liras ($300 million) in the first half of this year, according to official data.
This number is up 64.4% compared to the same period last year.
About 884 of the companies established in the January-June period began operating as joint stock companies and 8,944 limited companies, while the proportion of foreign capital reached 80.8%, according to the report of the Anadolu Agency (AA) that collected data from the union. Chambers and Commodity Exchanges of Turkey (TOBB).
While about 640 of those newly established companies were owned by Iranians, 500 were owned by Russians, 269 by German companies, 266 by Syrians and 186 by Egyptians. These countries were followed by the owners of 179 companies from Jordan, Pakistan with 162 companies, Azerbaijan with 160 companies, Iraq with 159 companies, and the United States with 141 companies.
The total capital of companies with Iranian partners amounted to 347.4 million Turkish liras in the six-month period.
The capital of companies with Russian partners is 306.5 million TL, German partners 299.3 million TL, those with Hong Kong partners 230.5 million TL, those with British partners 212.7 million TL, those with Belgian partners 206.5 million TL and Those with Syrian partners have a total capital of 150.2 million TL.
With 6,122 companies, Istanbul ranked first in the list of provinces in which most foreign capital companies were established in the mentioned period. It was followed by the southern province of Antalya with 767, the capital Ankara with 402, southern Mersin with 353, and the northwestern city of Bursa with 262 companies. The total capital of the mentioned companies established in Istanbul amounted to 3.3 billion Turkish liras.
Followed by Antalya with a capital of 397.8 million Turkish liras, then Bursa with a capital of 350.8 million Turkish liras, and then Mersin with a capital of 292.9 million Turkish liras.
In some provinces, including Ardhan, Bitlis, Bartin, Chankiri, Gumushan and Sinop, no foreign capital companies have been set up.
Meanwhile, in the first half of last year, about 5,978 companies with foreign partners were established with a capital of 3.2 billion Turkish liras.
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