National lottery to be privatised in Turkey

Business Materials 26 November 2013 15:27 (UTC +04:00)
All components of the national lottery will be privatised in Turkey.

Baku, Azerbaijan, Nov. 26
By Rufiz Hafizoglu - Trend:

All components of the national lottery will be privatised in Turkey, a message posted on the website of Turkey's official newspaper, Resmi Gazete said on Nov.26.

According to the newspaper, the privatisation of all components of Turkey's national lottery will take 10 years.

The newspaper reported that privatisation of the national lottery will begin on December 2, 2013 until February 3, 2014.

It was earlier reported that the total income from privatizations, which started in 1985, amounts to $57.8 billion.

In addition, the plant for sugar production, two bridges and a number of main roads are expected to be privatized in Turkey in next two years.

Since the denationalization in Turkey, some 270 public organizations, eight main roads, two bridges and six ports were privatized.

Earlier, Turkish Prime Minister Recep Tayyip Erdogan said that currently, Turkey is outdoing almost all EU countries in the sphere of privatization.

According to the prime minister, privatization in the country is aimed at the development of the private sector.

Earlier, the Turkish Privatization Agency (OIB) said that some 38 state facilities had been privatized in Turkey since early 2013.

The total volume of revenues from the privatization of state property is $1.85 billion.

"A major portion of our revenue ($1.725 billion) was received from the privatization of the corporation for electricity distribution "Toroslar Elektrik Dağıtım (A.Ş.)", " the report said.

It is expected to bring in some $887.45 million of revenue from the privatization of 13 state facilities that are currently awaiting approval.

Ski resorts, as well as a series of bridges and roads are among the privatized facilities.