• İstanbul 19 °C
  • Ankara 17 °C

Turkey: 5,300 new companies started in August

Turkey: 5,300 new companies started in August
New company launches fell nearly 3% year-on-year, says country's top business body

By Tuba Sahin

ANKARA (AA) - A total of 5,301 new companies were established in Turkey last month, the Turkish Union of Chambers and Commodity Exchanges (TOBB) announced Friday.

The number of newly launched companies in August fell 2.6% from the same month last year, according to a TOBB statement.

August figures showed that 965 companies went out of business, rising 11.4% in the same period.

The TOBB said that 971 foreign-partnered or foreign-funded new companies were formed in the month, down from 1,180 in August 2018.

In the first eight months of this year, 52,474 companies started doing business in the country, down 10.3% from the same period last year.

Friday's report also noted that the number of companies that went out of business in January-August climbed 5.6% year-on-year.

source: News Feed
This news is a total 14 time has been read
UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
This news yet comment has been added .
Other News
  • Europe, Mideast, African finance pros meet in Istanbul17 October 2019 Thursday 17:58
  • Turkey: Short-term external debt stock at $120.7B17 October 2019 Thursday 12:18
  • Turkey's Borsa Istanbul flat at open17 October 2019 Thursday 11:08
  • Space: New bridge between Turkey, Italy17 October 2019 Thursday 10:03
  • Turkish stocks down 1.18 % at close16 October 2019 Wednesday 19:08
  • Conference on sustainable growth kicks off in Istanbul16 October 2019 Wednesday 18:28
  • EU posts $25.4B trade deficit in Jan-August16 October 2019 Wednesday 15:43
  • Africa loses $45B due to weak financial accounts system16 October 2019 Wednesday 14:08
  • EU: Annual inflation at 1.2% in September16 October 2019 Wednesday 13:33
  • Turkey: Nearly 147,000 houses sold in September16 October 2019 Wednesday 12:38
  • All Rights Reserved © May 2014 US Muslims | Unauthorized and the resources published.
    Haber Scripti: CM Bilişim