Business

New company launches up 7% in January-April

The number of newly established companies in Turkey increased 7% year-on-year in January-April, the top trade union of the country reported on May 22.

Some 30,721 new businesses started in the first four months of this year, up from 28,722 in the same period last year, the Turkish Union of Chambers and Commodity Exchanges (TOBB) said in a report.

Purchasing Managers' Index at 33.4 in April

Turkey's Purchasing Managers' Index (PMI) for the manufacturing sector stood at 33.4 in April, according to a monthly business survey on May 4. 

The Istanbul Chamber of Industry report, in collaboration with London-based global data firm IHS Markit, showed that the April figure dropped by 14.7 points month-on-month, posting the steepest decline since the global financial crisis.

Turkey's e-commerce volume boost 39% in 2019

Turkey's e-commerce volume grew 39% in 2019 compared to the previous year, an industrial report revealed on April 29. 

The e-commerce market size hit 83.1 billion liras ($14.6 billion) last year, according to a joint report by Turkey's Informatics Industry Association (TUBISAD), Deloitte Turkey, SimilarWeb and Inveon.

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