A total of 10,603 new companies were established in Turkey in September, up 37.77% on an annual basis, the country’s top trade body said on Friday.
Month-on-month, the figure marked a rise of 13.38%, according to data released by the Turkish Union of Chambers and Commodity Exchanges (TOBB).
Some 1,470 companies went out of business last month, up 18.45% year-on-year.
Over 85% of the new firms are limited companies and 13% are joint-stock companies.
The top three fields of operation among new companies were wholesale and retail trade, manufacturing and construction.
In September, 1,197 companies with foreign partners were established – 665 have Turkish partners, 63 have Iranian partners and 36 have Syrian partners.
Foreign capital partners’ capital investments constitute 77.47% of the total capital of foreign joint venture companies, according to the report.
