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New Company Launches Soar in Turkey in Jan-April

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BM.GE
22.05.21 22:00
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The number of newly established companies in Turkey surged 32.3% year-on-year in the first four months of this year. The number of foreign-partnered or foreign-funded new companies stood at 4,195. During the reporting period, 3,651 firms went out of business, a figure down 11.4% versus the same period last year.

Some 40,629 companies were launched this January-April, up from 30,721 in the same period 2020, according to data released by the Union of Chambers and Commodity Exchanges of Turkey (TOBB), Anadolu Agency reports. 

During the four-month period, 3,651 firms went out of business, a figure down 11.4% versus the same period last year.
 
A total of 4,195 foreign-partnered or foreign-funded new companies were launched in the January-April period.

In April only, 8,565 companies started doing business in Turkey, up 204.5% on an annual basis, according to TOBB.

The number of companies that went out of business also grew 130.1% year-on-year to 957 last month.

According to the TOBB report, 977 companies with overseas capital were established this March.

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