Number of newly launched companies in Turkey rose in 2017: Report
ANKARA - Anadolu Agency
Turkey’s new business filings increased in 2017, an umbrella association of the Turkish business community said on Jan. 19.
The number of newly launched companies in the country rose by 14.4 percent year-on-year in 2017, the Turkish Union of Chambers and Commodity Exchanges (TOBB) said in a report.
TOBB said 72,871 companies were established last year, up from 63,709 in 2016.
The report showed that 13,517 companies went out of business in 2017, marking a 22.5 percent increase compared to the previous year.
The number of newly established foreign-partnered or foreign-funded companies soared by 49 percent, reaching 6,731 during the same period.
The figure was 4,523 in 2016.
The report indicated an annual rise of 22.9-percent in the number of newly launched companies in December alone, reaching 4,818.
Also in December, a total of 717 foreign-partnered companies were established, the report added.