Turkey: New company launches up 25 percent in September

Dunya Executive - - OVERVIEW -

Turkey saw a 25.31 percent annual r se n the number of newly establ shed compan es n September, the Turk sh Un on of Chambers and Commod ty Exchanges (TOBB) announced Fr day n a report. A total of 6,328 new compan es were establ shed last month, compared to 5,050 startups n September 2017, the report sa d. Accord ng to the data, the top three sectors that new compan es chose to operate n were wholesale trade, manufactur ng, and construct on. “In September 2018, 1,377 compan es w th fore gn partners were establ shed,” the report sa d, add ng that 705 of these compan es had Turk sh partners, 163 had Syr an partners, and 130 had Iran an partners. TOBB also noted that the number of company shutdowns n September was up by 25.57 percent on a yearly bas s – from 884 to 1,110

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