New company launches in Trkiye plunges 24.1% in January

ANKARA: The number of newly established companies in Trkiye dipped 24.1% from last year in January, according to data released by the country's top trade body on Friday. A total of 10,809 new companies were established in January, data from the Union of Chambers and Commodity Exchanges of Trkiye (TOBB) showed. Among them were 744 foreign-partnered or foreign-funded companies, nearly halved from 1,420 in January 2023. Some 1,682 companies went out of business this January, a rise of 7.4% from a year earlier. Source: Anadolu Agency