The number of newly established companies in Turkey rose 13.6% in March from the previous month, according to data released by the Union of Chambers and Commodity Exchanges of Turkiye (TOBB). Some 11,188 companies were launched in March, up from 9,848 in February, the TOBB said. Among them were almost 1,742 foreign-partnered or foreign-funded companies....
Tag: TOBB
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German SMEs face Turkey for supply
BY ERKAN KACAN German small and medium-sized enterprises (SMEs) have turned towards Turkey to overcome the crises in the global supply chain and to reduce the freight costs, which soared to record levels with the pandemic. A delegation including representatives of the German Association of Small and Medium-sized Businesses (BVMW) and German Social Democratic Party...
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New company launches up in January
The number of newly established companies in the country rose by 0.6% year-on-year in the first month of 2022, according to the the Union of Chambers and Commodity Exchanges of Turkey (TOBB). Some 11,400 companies were launched in January, up from 11,329 in the same month last year. Among them were almost 1,360 foreign-partnered or...
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Company establishments up by 8.3% in 2021
A total of 109,695 new companies were set up in Turkey in 2021, according to the Union of Chambers and Commodity Exchanges of Turkey (TOBB). The figure rose 8.5% compared to 2020, the TOBB said in a report. 16,222 companies also went out of business last year, marking a 5.6% rise from 2020. A total...