Turkiye: Nearly 110,000 New Companies Set Up In 2021

21.01.2022 10:42

Figure rises 8.3% compared to previous year, according to top business body.

A total of 109,695 new companies were set up in Turkiye in 2021, the country's top trade body said on Friday.

The figure rose 8.5% compared to 2020, the Union of Chambers and Commodity Exchanges of Turkiye (TOBB) said in a report.

It added that 16,222 companies also went out of business last year, marking a 5.6% rise from 2020.

A total of 13,445 foreign-partnered or foreign-funded new companies were formed in 2021.

Monthly figure

In December 2021, 9,774 companies started doing business in Turkiye, up 15.3% on an annual basis.

The number of companies that went out of business in December 2021 rose 20% year-on-year to 3,803.

According to the TOBB report, 1,186 companies with overseas capital were established last month. -

In order to provide you with a better service, we position cookies on our site. Your personal data is collected and processed within the scope of KVKK and GDPR. For detailed information, you can review our Data Policy / Disclosure Text. By using our site, you agree to our use of cookies.', '