Ankara-Sana
Representative Vali Agbaba of the Republican People's Party, the largest opposition party in Turkey, revealed that 48,000 companies and commercial establishments went bankrupt during the first eight months of this year, at a time when Recep Erdogan's regime claimed 21.7 percent economic growth.
The newspaper Today Zaman quoted Agbaba as saying: “It seems that the owners of commercial activities did not reflect on the growth rate announced by the government,” explaining that 61,736 of the owners of commercial activities ended it in the second quarter of the year at a time when the government says that there is growth in the economy.. At least 48,000 companies and commercial establishments have gone bankrupt since the beginning of the year.
Agbaba confirmed that 35% of merchant bankruptcy cases occurred in August and September, at a time when life began to return to normal after the lifting of the ban on Corona, noting that merchants who believed that their commercial activity would improve once the closure process ended are exposed to collapse due to previous debts. One in 100 traders went bankrupt in the first eight months of this year.
Agbaba added that one of the surprising data is a decrease in the number of newly registered traders and craftsmen in the period from January to August of this year by 28 percent compared to the same period in the previous year.
It is noteworthy that the accumulation of failures in Erdogan's internal and external policies at the political and economic levels over the years reflected negatively on Turkey's economy, which put unprecedented pressure on the Turkish lira and led to an increase in inflation rates and the spread of unemployment.
