New company launches down in Turkiye in February

New company launches down in Turkiye in February

Some 1,235 foreign-partnered or foreign-funded new companies launched last month, says top trade body

By Aysu Bicer

ANKARA (AA) – The number of newly established companies in Turkiye went down 13.6% month-on-month in February, the country's top trade body said on Friday.

A total of 9,848 companies were launched last month, according to data released by the Union of Chambers and Commodity Exchanges of Turkiye.

Among them were 1,235 foreign-partnered or foreign-funded companies.

In February the number of companies closed down decreased 24.7% to 773. In January, a total of 1, 026 companies were shot down.

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