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Nearly 7,700 new businesses started last month, up 22% year-on-year
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.
#new business
#new companies
#new company launches
#September
#TOBB
#Turkish Union of Chambers and Commodity Exchanges
