Turkey: New company launches shoot up in September

ANKARA

Turkey saw a nearly 22% annual rise in the number of newly established companies in September, the Turkish Union of Chambers and Commodity Exchanges (TOBB) announced on Friday.

A total of 7,696 companies was founded last month, up from 6,328 in September 2018, the organization said in a statement.

Meanwhile, some 1,165 companies went out of business, rising 5% during the same period.

The number of newly established foreign-partnered or foreign-funded companies slipped 15% to reach 1,143 in September.

In the first nine months of this year, some 60,170 companies were formed, falling 7% year-on-year.
Anadolu Agency website contains only a portion of the news stories offered to subscribers in the AA News Broadcasting System (HAS), and in summarized form. Please contact us for subscription options.

AdvertisementThe new Emirates Premium Economy has arrived on the latest Emirates A380 Emirates Get the best value from your summer holiday with exclusive offers and discounts across Dubai and the UAE with Emirates Pass

What do you think?