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ECONOMY

Some 128,500 companies established in Türkiye in 2023

ISTANBUL

Türkiye saw 128,528 company establishments in 2023, down 8.3% on a yearly basis, the Union of Chambers and Commodity Exchanges of Türkiye (TOBB) said on Friday.

The figure includes 12,241 foreign-partnered companies, the confederation said in a statement.

As many as 12,519 companies were formed in December alone, while 5,952 got closed. The number of new foreign-partnered companies was 800 in the month.

In total, 25,883 companies were closed during the year, up 11.7% year-on-year.

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