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Increase in the number of companies closing

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According to the statement by the Union of Chambers and Commodities Exchanges of Turkey, the number of companies opened in May decreased by 12.2 percent on a monthly basis; Over the same period, the number of companies closing down fell by 7.5 percent.

When the data is evaluated on an annual basis, the number of open companies increased by 110.7 percent, while the number of closed companies increased by 259.7 percent.

EXPLANATION ABOUT DATA FROM TOBB:

“In May 2022, compared to May 2021, the number of incorporated companies increased by 110.7 percent, the number of cooperatives established by 90.3 percent, the number of real commercial enterprises established by 30.5 percent.

The number of companies incorporated in the first 5 months of 2022 increased by 16.7 percent compared to the same period of the previous year.

In the first 5 months of 2022, compared to the first 5 months of 2021, the number of established companies increased by 16.7 percent, the number of established cooperatives by 19.2 percent and the number of established real commercial enterprises decreased 13.4 per cent.

In the first 5 months of 2022 there is a 74 percent increase in the number of closed companies compared to the first 5 months of 2021, 128.1 percent in the number of closed cooperatives and in the number of real commercial enterprises that were closed. ‘1%.

The number of incorporated companies increased by 110.7 percent over the same month last year.

In May 2022, compared to May 2021, the number of established companies increased by 110.7 percent, the number of cooperatives established by 90.3 percent, the number of real commercial enterprises established by 30.5 percent.

In May 2022, the number of closed companies increased by 259.7% compared to the same month in 2021, the number of cooperatives closed by 671.4%, and the number of real commercial enterprises closed by 122.2%.

The number of cooperatives set up in May 2022 decreased by 27.6 percent compared to the previous month.

Compared to the previous month, the number of established companies decreased by 12.2 percent, the number of real commercial enterprises established by 18.4 percent and the number of cooperatives established by 27.6 percent.

Compared to the previous month, there was a 7.5 percent decrease in the number of closed companies, a 14.3 percent decrease in the number of closed cooperatives, a 26.6 percent decrease in the number of commercial enterprises of persons physical that have been closed.

A COMPANY WAS NOT ESTABLISHED IN TUNCELİ AND ARDAHAN IN MAY

In May 2022, the establishment of a company in Tunceli and Ardahan did not take place.

Of the 9,556 companies and cooperatives established in May 2022, 86.8% are limited liability companies, 12% are joint-stock companies and 1.2% are cooperatives. 38.6% of the companies and cooperatives were set up in Istanbul, 8.3% in Ankara and 6.4% in Izmir.

The total capital of the companies incorporated in May 2022 increased by 9.4 percent compared to the previous month.

In 2022, 53,344 companies and cooperatives were established. A total of 46,021 limited liability companies incorporated in this period make up 75.5% of the total capital, while 6,599 joint stock companies make up 23.6%. The total capital of the companies incorporated in May increased by 9.4 percent compared to April.

In May 2022, 3,210 companies and cooperatives were established in the trade, 1,420 in the manufacturing sector and 1,025 in the construction sector. In the trade sector, 656 real commercial enterprises have been established.

In May 2022, 3,210 companies and cooperatives were established in the trade, 1,420 in the manufacturing sector and 1,025 in the construction sector. Commercial enterprises of real persons established in May 2022; 656 are in the wholesale and retail trade of car and motorcycle repairs, 323 in the construction sector and 186 in the manufacturing sector.

Companies and cooperatives that closed this month; 708 are in the wholesale and retail trade, in the repair of motor vehicles and motorcycles, 278 in the construction sector and 264 in the manufacturing sector.

Of the actual commercial enterprises that were closed this month, 515 are in wholesaling and retailing, automotive and motorcycle repair, 171 in construction and 133 in manufacturing.

63 of the 118 Cooperatives established in May 2022 are Housing Cooperatives.

Established in May 2022, 63 of the 118 cooperatives were set up as housing cooperatives, 15 as business cooperatives and 13 as agricultural development cooperatives.

In May 2022, 1,614 companies with joint foreign capital were established.

Established in May 2022, 1,614 foreign joint venture companies have been established with 899 partnerships in Turkey, 116 in the Russian Federation and 99 in Iran.

Of the 1,614 established foreign joint venture companies, 139 are joint stock companies and 1,475 are limited liability companies. Of the companies established in 2022, 1,086 were set up in the wholesale trade in non-dedicated stores, 427 in Real Estate Agencies and 368 in the business and administrative consultancy sector.

79.6 per cent of the total capital of companies with joint foreign capital constitutes the share of foreign capital. “

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