Number of foreign businesses in Turkey hits 22,505 in June
(Actuel - 14/08/2009)
The number of foreign companies operating in Turkey reached 22,505 in June, Treasury Undersecretariat data have shown.
Of the 22,505 foreign businesses in Turkey, 17,725 were newly established, while 4,216 are subsidiaries of other companies and 564 are branches of international firms. Some 54.7 percent -- 12,312 -- of all foreign firms in the country are from European Union.
German firms take the lead in the list of foreign businesses in Turkey with 3,852, while UK companies follow with 2,123 and some 1,723 enterprises are from the Netherlands. The other two in the list of top five are Iran with 1,089 and the US with 974 firms. Excluding those from the three countries in the top five, the number of firms from the EU is 4,605. The Turkish market also has 3,823 companies from the Middle East.
Canada, China and Latin American countries have the fewest number of companies operating in Turkey. The number of Chinese firms doing business in Turkey is 356, while 144 firms from Canada operate in the country.
With regards to operation fields, the majority of foreign firms in Turkey are in the retail business, followed by manufacturing and real estate. Some 6,638 are in the retail sector, while 3,941 operate in manufacturing and 3,645 work in real estate. Apart from these, the other fields that foreign firms operate in are transportation, communications, construction and hotel management. Foreign businesses are most common in İstanbul, while Antalya and Ankara also host many foreign firms. İstanbul is home to some 12,278 foreign businesses, while there are 2,854 in Antalya and 1,488 in Ankara

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