New company launches up nearly 20 percent
The number of newly-establ shed compan es n Turkey rose by 19.7 percent year-on-year n the January-October per od, the Turk sh Un on of Chambers and Commod ty Exchanges (TOBB) revealed on November 16. Accord ng to TOBB, a total of 71,907 compan es were establ shed n the f rst 10 months of th s year, up from 60,063 n the same per od last year. The f gures showed that 9,467 compan es went out of bus ness from January to October - an annual decrease of nearly n ne percent. A total of 11,085 fore gn-partnered or fore gn-funded new compan es were launched between January and October. In October, 7,081 new compan es started do ng bus ness n Turkey, up 2.4 percent on an annual bas s, accord ng to the TOBB. The October f gure was also up 12 percent month-on-month. The number of fore gn-partnered or fore gn-funded new compan es reached 1,504 last month.