Business

New company launches up in Turkey in January

Almost 1,360 foreign-partnered or foreign-funded new companies launched, says top trade body

The number of newly established companies in Turkey rose by 0.6% year-on-year in the first month of 2022, the country’s top trade body said on Friday.

Some 11,400 companies were launched in January, up from 11,329 in the same month last year, according to data released by the Union of Chambers and Commodity Exchanges of Turkiye (TOBB).

Among them were almost 1,360 foreign-partnered or foreign-funded companies.

During the month, 2,318 firms went out of business, a figure up 30.9% versus January 2021.

Last year 101,318 companies were launched,while 14,304 firms were liquidated.

Source
AA

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