Racing and race planning may be privatized in Turkey

Business Materials 29 November 2013 17:19 (UTC +04:00)

Baku, Azerbaijan, Nov. 29

By Rufiz Hafizoglu - Trend:

Turkey's parliament is considering the privatization of race organizing and racing, Sabah newspaper reported today.

According to the newspaper, currently, the Turkish Ministry of Agriculture and Livestock is responsible for these state functions.

It was earlier reported that Turkey's total income from privatization starting in 1985 amounted to $57.8 billion.

According to the report, a sugar factory, two bridges and a number of main roads are expected to be privatized in Turkey in next two years.

The report also said that since denationalization in Turkey began, 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 Erdogan, 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 have been privatized in Turkey since early 2013.

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

"A major part of revenues ($1.725 billion) was received from the privatization of the corporation for electricity distribution "Toroslar Elektrik Dagıtım (A.S.)", " the report said.

Around 13 state facilities are at the stage of privatization in Turkey. The revenues from their denationalization may hit $887.45 million.

Ski resorts, as well as several bridges and roads are among the privatized facilities.