Azeri-owned businesses in Turkey on the rise
BAKU – Azerbaijanis rank fourth on the number of businesses established by expatriates in Turkey, the local newspaper Sabah reported.
In January-May 2011, foreign nationals set up 401 companies in the country, including 86 owned by Azerbaijanis.
In 2010, Azerbaijani businessmen reportedly founded 136 of over 2,400 foreign companies in Turkey.
After Azerbaijan’s Tekhnikabank opened a branch in Istanbul, two more Azerbaijani banks applied to the neighboring country’s government agencies to open their branches, Sabah said, but did not specify the financial institutions.
The number of Azerbaijani tourists traveling to Turkey has also reportedly surged this year. The figure exceeded 231,000 in January-May 2011, compared to 159,000 in the same period of last year.
A total of 436,000 tourists from Azerbaijan visited the country last year.
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