Eight percent of foreign joint capital companies are Syrian
The Economic Policy Research Foundation of Turkey (TEPAV) calculated foreign partner capital in Turkey. According to a statement by TEPAV, 92 companies with Syrian joint capital were established in July 2019.
The total Syrian joint capital of the companies with Syrian partners has reached TRY 21.5 million. In July 2019, the number of companies established with Syrian joint capital decreased by 42.1 percent compared to July 2018, while the Syrian joint capital decreased by 27.5 percent. Compared to June 2019, the number of companies established with Syrian joint capital increased by 124.4 percent and the Syrian joint capital increased by 134.3 percent.
Ninety-two (7.6 percent) of the 1,204 companies established with foreign capital in July 2019 had Syrian joint capital. These companies account for 6.3 percent of the foreign joint capital. As of July 2019, Istanbul is one of the provinces with the highest number of companies established with Syrian joint capital. Istanbul is followed by Mersin, Hatay, Bursa, Adana and Kilis. Compared to the previous month, foreign capital increased by TRY 136 million and Syrian capital by TRY 12 million in July 2019.