New company launches in Türkiye plunges 24.1% in January

By Tuba Ongun

The number of newly established companies in Türkiye dipped 24.1% from last year in January, according to data released by the country’s top trade body on Friday.

A total of 10,809 new companies were established in January, data from the Union of Chambers and Commodity Exchanges of Türkiye (TOBB) showed.

Among them were 744 foreign-partnered or foreign-funded companies, nearly halved from 1,420 in January 2023.

Some 1,682 companies went out of business this January, a rise of 7.4% from a year earlier.