Turkey: 6,300 startup companies established in February

ANKARA

Some 6,300 new companies started up last month in Turkey, the Turkish Union of Chambers and Commodity Exchanges (TOBB) said in a report released Friday.

The number of newly established companies in February rose 16.56 percent compared with the same month last year.

The union also said that 781 companies went out of business, a decrease of 21.9 percent compared with the same month in 2015.

The chamber's report shows 450 foreign-partnered or foreign-funded new companies established in February, up from 390 in the same month last year.

Some 450, over 41 percent, of foreign-partnered companies were founded directly by Syrians or by Syrians in partnerships.

Out of the total number of foreign-funded companies in the second month of the year, 34 were Iraqi-funded, followed by Germans with 28 companies.

ANKARA

Some 6,300 new companies started up last month in Turkey, the Turkish Union of Chambers and Commodity Exchanges (TOBB) said in a report released Friday.

The number of newly established companies in February rose 16.56 percent compared with the same month last year.

The union also said that 781 companies went out of business, a decrease of 21.9 percent compared with the same month in 2015.

The chamber's report shows 450 foreign-partnered or foreign-funded new companies established in February, up from 390 in the same month last year.

Some 450, over 41 percent, of foreign-partnered companies were founded directly by Syrians or by Syrians in partnerships.

Out of the total number of foreign-funded companies in the second month of the year, 34 were Iraqi-funded, followed by Germans with 28 companies.