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    No confidence to launch a business

    Anatolia News Agency
    06.07.2009 - 00:00 | Son Güncelleme:

    ANKARA - The number of newly established companies declined 24.13 percent during the first six months of the year compared to same period last year, according to a leading Turkish business association.

    On slightly better news, the number of businesses that pulled down shutters during the same period has also declined 0.13 percent compared to a year earlier.

    Some 21,469 new companies were established during the first half of the year, according to The Union of Chambers and Commodity Exchanges of Turkey, or TOBB. That figure used to be 28,269 during the first half of 2008. The number of companies closed down, which used to stand at 5,394 during the first six months of last year, declined to 5,387 this year.

    The number of new cooperatives has also declined 31.57 percent during the first half of the year compared to the same period a year earlier. The total number of newly established cooperatives for the period added up to 557. During the same period some 23,078 commercial enterprises were established. That was a drop of 16.69 percent compared to a year earlier. Based on monthly results, the number of newly established companies dropped 3.5 percent in June compared to the same month a year earlier. While the number of new companies totaled 4,084 in June of 2008, that figure dropped to 3,941 last month. Some 127 new cooperatives were established last month, which was an increase of 16.51 percent compared to a year earlier. On the other hand, the number of newly established commercial enterprises dropped 13.34 percent to 3,892 during last month.

    Meanwhile, the number of businesses shut down in June rose 14.25 percent to 842 this year. Commercial enterprises that were forces to close down during the period were 7,856. That was an increase of 169.78 percent compared to last June.
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