More than 7,000 new businesses started in March

Dünya Executive - - OVERVIEW -

Some 7,057 companies were launched in Turkey last month, the Turkish Union of Chambers and Commodity Exchanges (TOBB) revealed on April 19. The number of newly establishe­d companies fell 5.5 percent year-on-year in March, according to the union. However, the March figure was up 5.4 percent from the previous month. TOBB said a total of 640 companies went out of business last month, an annual decline of 12.6 percent. 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.

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