Around 9,300 firms established in Türkiye last month

By Gokhan Ergocun

ISTANBUL (AA) - Some 9,272 firms were established in Türkiye during August, down 11.7% on a yearly basis, the Union of Chambers and Commodity Exchange of Türkiye (TOBB) revealed on Friday.

During the first eight months of the year, the number of newly established companies was at 71,661, down by 14.2% year-on-year.

Meanwhile, 2,867 companies were liquidated in August, up 18.9% year-on-year, and 17,944 in the Jan-Aug period, up by 5.9% versus the same period 2023.

In August, 658 firms were established with foreign partners in Türkiye, and 5,165 in the Jan-Aug period.