Turkey saw 84,102 newly established companies in 2019, down by 1.38% on an annual basis.

Some 13,197 companies went out of business over the year, up by 5.04% versus 2018, according to a report of Turkish Union of Chambers and Commodity Exchanges (TOBB) on Friday.

Over 86% of newly established firms were limited companies, while 13.6% of them were joint stock companies.

The top three fields of operation among new companies were wholesale and retail trade, manufacturing and construction.

In 2019, 12,634 companies with foreign partners were established.

The most, some 35,794, opened their doors in Istanbul, followed by

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