Establishing 5300 new companies in Turkey!

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Establishing 5300 new companies in Turkey!

Establishing 5300 new companies in Turkey!

The Turkish Federation of Goods and Commodities official data confirmed that a total of 5,301 new companies were established in Turkey last August.

According to the Turkish Federation of Goods and Commodities Exchange, the number of newly launched companies fell in August by 2.6% compared to the same month last year.

August data showed that 965 companies had ceased operations, rising 11.4% in the same period.

The data said 971 new companies with a foreign partner or foreign funding were established last month, down from 1,180 in August 2018.

Read Also: Central Bank decreased Interest rates

Increase in sales of foreign real estate in Turkey

First eight months of this year, 52,474 companies started doing business in the country, down 10.3% over the same period last year.

The data also indicated that the number of companies stopped operating in the January-August period rose 5.6% year-on-year

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