The number of established companies has increased – Breaking News

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Union of Chambers and Commodity Exchanges of Turkey (TOBB), announced the statistics of companies established and closed in August 2022. Accordingly, in the first 8 months of 2022, compared to the first 8 months of 2021 number of companies established 23.3 percent and the number of established cooperatives increased by 28.4 percent. The number of established real person commercial enterprises decreased by 7.5. In the first 8 months of 2022, there was an increase of 70.2 percent in the number of companies closed, 39 percent in the number of closed cooperatives, and 6.1 percent in the number of closed real person commercial enterprises compared to the first 8 months of 2021.

THE NUMBER OF COMPANIES ESTABLISHED WAS 38.5 PERCENT INCREASE COMPARED TO THE SAME MONTH OF THE PREVIOUS YEAR

In August 2022, compared to August 2021, the number of companies established increased by 38.5 percent, the number of cooperatives established by 96.9 percent, and the number of established real person commercial enterprises increased by 13.9 percent. In August 2022, Number of companies closed Compared to the same month of 2021, the number of closed real person commercial enterprises increased by 29 percent, and the number of closed commercial enterprises increased by 11.6 percent, while the number of closed cooperatives decreased by 37.7 percent.

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Compared to the previous month, the number of companies established increased by 46.1 percent, the number of cooperatives established by 56.2 percent, and the number of established real person commercial enterprises increased by 38 percent. Compared to the previous month, there was an 8 percent increase in the number of companies closed and an increase of 9.7 percent in the number of real person commercial enterprises. The number of closed cooperatives decreased by 6.6 percent.

It was observed that 86.4% of the 12 thousand 382 companies and cooperatives established in August 2022 were limited liability companies, 12.1 percent were joint stock companies and 1.5 percent were cooperatives. 41.7 percent of companies and cooperatives were established in Istanbul, 9.3 percent in Ankara and 5.6 percent in Izmir.

In 2022, a total of 87,755 companies and cooperatives were established. A total of 75,671 limited liability companies established during this period constituted 68.7 percent of the total capital, while 10 thousand 877 joint stock companies constituted 30.9 percent. The total capital of companies established in August increased by 99 percent compared to July.

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