ANKARA
Syrians started up 32 percent of the total of new companies established up in Turkey in the first four months of this year, according to data from the Union of Chambers and Commodity Exchanges of Turkey (TOBB).
Some 491, over 31 percent, of foreign-partnered companies were founded directly by Syrians or by Syrians in partnerships.
The number of new companies or associations starting up in Turkey was 24,094 in the first four months of this year, and, of these, 1,557 were started with foreign investors.
Out of the total number of foreign-funded companies for the January-April period,113 were funded from Germany and 97 were started by investors from Iran.
Germans followed their Syrian counterparts, investing in 113 newly-established companies in Turkey.
About 88 percent of the companies’ capital came from foreign partners.
Of the foreign-investor start-ups, more than a third of them, or 580, operate in wholesale, retail trade, and motor vehicle maintenance. Manufacturing ranked second with 212 firms, while the construction sector came third with169 companies, the data showed.
A total of 6,022 new companies were established in Turkey in April, an increase of 22 percent compared with the same month of last year, while 894 companies went out of business.
The union also said 8,222 companies were shut-down in the country, 32 percent less than in the same period of last year.
The number of companies established in Turkey with international capital in 2014 increased to 4,736, up from the 3,875 in 2013.
Out of the total number of foreign-funded companies in 2014, 1,257 were funded from Syria, 302 were founded by German investors, and 275 were financed by Iranian investors.
