Number of companies closed down in March increased by 19 percent

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The number of companies that closed down in March increased by 19 percent. According to the data of TOBB, the number of companies closed in March increased by 19 percent

Leading data on the consequences of the main problems in the economy continue to be released.

Turkey Chambers and Stock Exchanges Union (TOBB), according to data released yesterday, in March it began to be seen first economic impact of the coronavirus outbreak, the number of company closures compared to the same month last year was 763 units increased by 19.2 percent.

The number of liquidated companies increased by 13.8 percent to 1220. On the other hand, the number of companies established rose by 17.3 percent to 8 thousand 276. In the first 3 months of the year, the number of companies closed down compared to the same period of last year increased by 16.1 percent to 3 thousand 705, and the number of recommended companies increased by 22.3 percent to 4 thousand 477. The number of companies established reached 27,908 with an increase of 26.7 percent. On the other hand, the number of companies with foreign joint capital, which was 1082 in March last year, dropped to 942 in March this year.

Published date: May 4, 2020 Publisher / Viewer : Breaking News Today Yesterday

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