By Tuba Sahin
ANKARA (AA) - Some 7,057 companies were launched in Turkey last month, the Turkish Union of Chambers and Commodity Exchanges (TOBB) revealed on Friday.
The number of newly established companies fell 5.5% year-on-year in March, according to the union.
However, the March figure was up 5.4% from the previous month.
TOBB said a total of 640 companies went out of business last month, an annual decline of 12.6%.
The figures showed 1,082 foreign-partnered or foreign-funded fresh companies were formed during the month.
"Of these companies, 563 had Turkish partners, 80 had Iranian partners and 73 had Syrian partners," it said.