Turkey: New company launches up over 33 pct in April

Nearly 8,500 new companies established in April, according to major business body

By Tuba Sahin

ANKARA (AA) - The number of newly established companies in Turkey jumped 33.1 percent last month compared with April 2017, the Turkish Union of Chambers and Commodity Exchanges (TOBB) announced Friday.

This April, 8,456 new companies were established, compared to 6,353 businesses starting in the same month last year, TOBB said in a report.

According to the TOBB figures, the top three fields of operation among new companies were wholesale and retail trade, and construction and manufacturing.

The report showed that 578 companies went out of business in April, down 21 percent from the same month a year earlier.

In April, 938 companies with foreign partners were established.

In the first four months of the year, 32,554 new companies were launched -- an annual increase of almost 35 percent, according to the TOBB.

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