Turkey
saw a nearly 25 percent annual rise in the number of newly established
companies in November, the Turkish Union of Chambers and Commodity Exchanges
(TOBB) announced on Friday.
The
organization said compared with November 2016, the number of companies founded
rose 24.63 percent, while the number of companies that closed climbed 5.41
percent year-on-year.
Meanwhile,
the number of companies that closed dropped substantially, by 11.71 percent,
from 1,281 in October 2017 to 1,131 in November, says TOBB.
The
number of companies founded this November inched down 0.56 percent from 6,926
in the previous month to 6,887.
In
the first 11 months of 2017, 66,950 companies were founded in Turkey, a rise of
almost 13.68 percent, said the TOBB.
In
the same period, 11,502 firms went out of business, climbing 23.61 percent.
TOBB
added that in November, 795 foreign-partnered or foreign-funded new companies
were founded in Turkey, and in the first 11 months of the year, 6,014
foreign-partnered or foreign-funded new companies started operations.
Reporting
by Cuneyt Kemal Ozkok, Ayse Bocuoglu Bodur
(
Anadolu
Agency)