More than 140,200 new companies set up in Turkiye last year, top trade body’s data shows
The number of newly established companies in Turkiye jumped 27.8% year-on-year in 2022, according to data released by the country’s top trade body on Friday.
A total of 140,229 new companies were set up last year, the Union of Chambers and Commodity Exchanges of Turkiye (TOBB) data showed.
Among them were 20,135 foreign-partnered or foreign-funded companies,marking a significant jump from 13,445 in 2021.
Some 23,170 companies went out of business last year, a 42.8% increase from the previous year.
In December, the number of companies set up in Turkiye surged 53.8% year-on-year to 15,034.
These included 1,539 new foreign-partnered or foreign-funded companies, up from 1,186 a year earlier.
Some 4,569 companies went out of business last month, an annual increase of 20.1%, according to TOBB figures.
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