Baku, Azerbaijan, Jan. 27
By Rufiz Hafizoglu - Trend:
"The Metro Turizm tourist company in Turkey will be put up for privatisation," Chairman of the company's board, Shenol Ayildiz announced, Turkish Sabah newspaper reported on Jan.27
Ayildiz said that currently the company's value is estimated at 874, 607, 867 Turkish lira.
He also stressed that the tender for the company's privatisation may be announced in the second half of this year.
The net profit of Metro Turizm in 2013 amounted to 920 million Turkish liras.
The total income from privatisation in Turkey which began in 1985 amounted to $57.8 billion.
Over the next two years in Turkey it is also expected to privatise a sugar production plant, two bridges and a number of main highways.
Since the beginning of denationalisation in Turkey, 270 public organisations, eight highways, two bridges and six ports were privatised.
Earlier, Turkish Prime Minister Recep Tayyip Erdogan said the country is currently ahead of the pace of privatisation in all EU states.
Privatisation in Turkey is aimed at private sector development, the prime minister said.
According to the Turkish State Privatisation Agency (OIB), in 2013, 38 state objects were denationalised in the country.
Total revenues from privatisation of state property in Turkey last year amounted to $1.85 billion.
Much of the income ($1.725 billion) was obtained from the privatisation of the electricity distribution corporation Toroslar Elektrik Dağıtım (A.Ş.).
Thirteen state entities are currently in the process of privatisation and resulting revenue may constitute $887.45 million.
Among these privatised facilities are ski resorts, as well as a number of bridges and roads.
The official exchange rate for January 27 is 2,3142 TRY / USD.
Translated by M.L.
Edited by S.M.