ANKARA, Oct 23 (AA/APP): A total of 10,603 new companies were established in Turkey in September, up 37.77% on an annual basis, the country’s top trade body said on Friday.

The figure also marked a monthly rise of 13.38%, according to data released by the Turkish Union of Chambers and Commodity Exchanges. Some 1,470 companies went out of business last month, up 18.45% year-on-year.

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