Turkish Union of Chambers and Commodity Exchanges

A total of 9,856 new companies were established in Turkey in February, up 7.7% on an annual basis, the country's top trade body said on March 19. 

Some 769 companies went out of business last month, down 6.7% year-on-year, according to data released by the Turkish Union of Chambers and Commodity Exchanges.

The number of newly established companies in Turkey rose 53.5 percent year-on-year last month, the Turkish Union of Chambers and Commodity Exchanges (TOBB) announced on Feb. 16.

Turkey saw an annual rise of 30.3 percent in the number of newly established companies in September, the Turkish Union of Chambers and Commodity Exchanges (TOBB) revealed on Nov. 17.

The number of newly established companies in Turkey soared by 47.46 percent year-on-year to reach 6,593 in August, the Turkish Union of Chambers and Commodity Exchanges (TOBB) said in a report released on Sept. 18.

A total of 1,218 companies went out of business last month, which saw an increase of 105.4 percent compared to August 2016, according to the report.

The number of newly established companies in Turkey rose by 8.5 percent year-on-year to reach 5,952 in June, the Turkish Union of Chambers and Commodity Exchanges (TOBB) revealed on July 21.  

According to the union, 1,016 companies went out of business that month this year, which saw an increase of 29.3 percent compared to June 2016.

Turkey's largest business organization, the Turkish Union of Chambers and Commodity Exchanges (TOBB), is set to bring $1 billion worth venture capital funds together with Turkish companies based in Anatolia with high growth potentials in the next two years, its president has said. 

The number of foreign-partnered or foreign-funded new companies established in May was 583, the Turkish Union of Chambers and Commodity Exchanges (TOBB) said in a report released on June 16. 

Some 174, or 28.8 percent, of foreign-partnered companies were founded directly by Syrian people or Syrian nationals in partnerships.      

Customs and Trade Minister Bulent Tüfenkci has backed the World Trade Organization's (WTO) first-ever multilateral trade agreement, saying it would help developing countries boost their exports.        

Representatives from top Turkish and Egyptian business chambers have come together in Cairo for the first time since a military coup in Egypt in 2013, calling for reviving bilateral economic and trade ties. 

Some 4,523 companies were established by foreigners in 2016 in Turkey with Syrians taking the lion's share, followed by Iranians and Iraqis, a data released on Jan. 20 showed.