Number of newly established businesses in Turkey down by 12.13 percent in January 2012

Number of newly formed businesses in January down 12.13 p.c.

The Union of Chambers and Commodity Exchanges of Turkey (TOBB) has announced on Friday that the number of newly formed businesses in January, 2012 was down 12.13 percent when compared to the same month a year ago.

ANKARA- TOBB said that the number of businesses that were permanently shut down went up 12.57 percent in January, 2012 when compared to the same term last year.

According to TOBB, 5,257 new businesses were established in Turkey in January. In the same month, 2,105 businesses were permanently shut down in Turkey.

TOBB said that the number of newly established businesses went up 19.56 percent when compared to the previous month and that the number of businesses that were permanently shut down increased 21.82 percent when compared to the preceding month.

17 February 2012