THE NUMBER OF COMPANIES NEWLY SET-UP HAS INCREASED BY NEARLY 10 % IN THE FIRST QUARTER OF THIS YEAR, COMPARED TO THE SAME PERIOD OF 2015, AT OVER 32,000, THIS BEING THE HIGHEST LEVEL REACHED IN THE LAST FOUR YEARS, AS SHOWN BY DATA FROM THE TRADE REGISTER.

The limited liability company firms represent 70% of the entities newly established while the second position is occupied by the self-employed persons with a percentage of 20 %. The organization of self-employed persons but loses ground in the local economy, freshly appointed number on this segment by subtracting with 30% in the first quarter, at about 6,000 compared to last year.