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Rise in New Companies Set up by the Young

The number of new companies set up in May and June showed a significant increase, especially in companies set up by young people. The creation of the one-stop-shop agency has facilitated the foundation of enterprises, and the increase in unemployment has made many jobless people turn towards entrepreneurship.
Regional Development Ministry data released on Monday showed that in the first six months of the year there were 28,603 new companies set up, against 25,391 firms that closed down a surplus of 3,212 companies. In the first four months of the year the surplus stood at 782 enterprises.  In the first two months there were more companies closing down than opening.
The one-stop-shop offices across the country reported the creation of 777 companies from April 4 to end-May. June was the month with the greatest surplus. 4,921 new companies set up against 3,288 enterprises closing down constituting a surplus of 1,633 firms, evidence of an improvement in entrepreneurship. A significant number of companies have been created by young people who had lost their previous jobs.
(Source: neoskosmos)
 

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