# Turkish business formation and closure trends

> Live situation record from CLSTR: https://clstr.news/situations/20261023-turkish-business-formation-and-closure-trends
> Updated: 2026-10-23T07:49:55.000Z. Sources: 6. Developments: 2.

Data from the first nine months of 2026 indicates a rise in small business closures in Turkey, with 93,095 closures recorded—an 11.8 percent increase compared to the same period in 2025. The Confederation of Turkish Tradesmen and Craftsmen (TESK) attributed this trend to economic pressures such as inflation, high borrowing costs, and rising rent and business expenses. Istanbul reported the highest number of closures among major cities.

More recent statistics from September show a simultaneous increase in both new company formations and closures. While new company formations rose by 3.2 percent from August to reach 9,506, the number of closed companies also increased by 4.6 percent during the same month. Despite these monthly increases, year-over-year comparisons for September show that new formations decreased by 2.6 percent and closures fell by 5.3 percent compared to the previous year.

## Timeline

### 2026-10-23: Turkey company formations and closures rise in September

Turkey saw a 3.2% increase in new company formations and a 4.6% rise in business closures in September.

3 sources. https://clstr.news/cluster/turkey-company-formations-and-closures-rise-in-september

### 2026-10-19: Turkey records 93,095 small business closures in nine months

Turkey recorded 93,095 small business closures in the first nine months of the year, an 11.8% increase from the previous year, driven by inflation and rising costs.

3 sources. https://clstr.news/cluster/turkey-records-93095-small-business-closures-in-nine-months

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Cite as: Turkish business formation and closure trends. CLSTR, https://clstr.news/situations/20261023-turkish-business-formation-and-closure-trends