4295 new companies established in Turkey

More than 4,000 new companies were established in December 2013, with 2,000 going out of business in the same period, according to a report published Friday by the Union of Chambers and Commodity Exchanges of Turkey (TOBB). According to TOBB, the number of new companies actually decreased by 7.59 percent to 4,295 while the number of collapsed companies increased 131.44 percent to 2,400 compared to November. Throughout 2013, the number of new companies increased by 26 percent to 49,028 compared to 2012. There was also a 10 percent increase in the amount of companies that went out of business. The report also stated that 489, out of the 3,875 that were established with foreign partners in 2013, Syrian-funded foreign companies were established in Turkey. There were 394 German-funded and 280 Iranian-funded companies established in 2013.