Number of Turkish companies with Syrian partners dropped by 47.5 pct in March over last year

A Syrian man sit in front of a syrian shop, on May 1, 2018 in Gaziantep, southwestern Turkey. In the Turkish city of Gaziantep, home to around half a million Syrians who fled the civil war south of the border, hundreds of Syrian businesses are thriving in a boost both for the displaced community and their host country. / AFP PHOTO / OZAN KOSE

The number of companies established with Syrian immigrant partners in Turkey decreased by 47.5 in March over the same period last year, according to a bulletin published by the Economic Policy Research Foundation of Turkey (TEPAV).

Although the cumulative capital provided by foreign partners to Turkish companies increased by 85 percent in the same period, the capital provided by Syrians plunged by 23 percent, the bulletin said.

In March 73 new companies were established through partnerships with Syrian nationals, amounting to some TL 14 million ($2.35 million) in capital.

These 73 companies are equal to only 6.3 percent of companies that were established with foreign partners in March.

Turkey hosts nearly 4 million Syrians who have fled their home country due to a civil war that erupted in 2011.

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