New company launches up 25.5% in Turkiye during April

Among 1,650 foreign-partnered companies, 136 had Russian, 120 had Iranian partners, says top trade body

By Ovunc Kutlu

ANKARA (AA) - The number of newly established companies in Turkiye rose 25.5% in April, compared to the same month of last year, the country's top trade body said on Friday.

A total of 10,751 companies were launched last month, up from 8,565 in April 2021, according to data released by the Union of Chambers and Commodity Exchanges of Turkiye (TOBB).

On a monthly basis, however, the figure in April was down 3.9% from 11,188 recorded in March.

"In April 2022, 1650 companies with foreign partners were established. 860 of these companies had Turkish partners, 136 had Russian Federation and 120 had Iranian partners," TOBB said in a statement.

The number of closed companies in April stood at 2,162 -- up 59% from 1,360 in March and up 125.9% from 957 in April 2011.

Kaynak:

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