World Bulletin / News Desk
The number of newly-established companies last month fell by 11.87 percent compared to the same month last year.
TOBB also said 762 companies went out of business in February, an increase of 2.53 percent compared to February 2016.
Friday's report showed 409 foreign-partnered or foreign-funded new companies were established in the second month of the year, down from 450 in the same month last year.
Some 159, or 39 percent, of foreign-partnered companies were founded directly by Syrian nationals or Syrians in partnerships.
Out of the total number of foreign-funded companies in February, 25 were Iran-backed, followed by Iraq with 24 companies.
The United Arab Emirates' exchanges in Dubai and Abu Dhabi led the dive in liquidity levels, which measure the value of traded shares and are normally a reflection of the health of national economy.
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The figure was slightly lower than analysts had forecast, following a 1.4 percent hike in overall prices in August.
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Investors will also be tracking the start of an EU summit where Brexit will once again be the focus of attention.
BIST 100 index rises 0.45 pct while US dollar/Turkish lira rate stands at 3.67
Bank expects Turkey's strong growth performance to continue in Q3, World Bank Country Director for Turkey says
Industrial production marks first increase in three months, while manufacturing production comes below market expectations
While optimism remains over the world economy and corporate earnings -- helping push global markets to all-time or multi-month highs -- investors moved carefully as they await the next catalyst.
BIST 100 index rises 1.18 pct while US dollar/Turkish lira rate stands over 3.63
BIST 100 index falls 0.24 pct while US dollar/Turkish lira rate climbs to 3.69
National Bank of Ethiopia says devaluation of its currency necessary to boost exports