More than 7,000 new businesses started in March

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.