The number of new Russian companies in Turkey increased by 670% in 2022

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According to the results last year, 1363 companies from Russia were registered in Turkey, which is 670% more than the previous year. In this respect reported On the website of the Turkish Economic Policy Research Foundation.

The publication noted that there were only 177 Russian companies in Turkey in 2021, thus the increase in their number reached 670 percent on a yearly basis.

According to the company, the total number of companies with foreign capital in Turkey increased by 49.8% in 2022. Iran ranked second in terms of the number of registered companies in the country.

The report added that there are more Russians in the real estate market in Turkey. For example, at the end of the year, house sales to foreigners increased by 15.1%. At the same time, about 16.3 thousand of the 68 thousand objects sold were bought by the Russians.

March 14 “Lenta.ru”, citing data from a study by the investment company Garnet WroteIt was reported that in January 2023, the number of Russian real estate transactions in Turkey decreased by 35.2% compared to December 2022.

Prior to that, Brian Nelson, Deputy Assistant Secretary of the Treasury for Terrorism and Financial Intelligence, warned Turkey about the risk of sanctions due to its trade cooperation with Russia.

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