Turkey intends to increase its revenues from privatization

Baku, Azerbaijan, April 28

By Rufiz Hafizoglu - Trend:

Turkey intends to increase its revenues from privatization to $7 million, Turkey's The Lira newspaper quoted the country's Finance Minister Mehmet Shimshek as saying on April 28.

Although the country's revenues from privatization were expected to be at the level of $6 billion in 2013, they stood at $12.5 billion, according to the minister.

Shimshek pointed out that Turkey is interested in expanding the privatization process in the country and Ankara hopes that the year of 2014 will be successful for denationalization in the country.

Turkey's revenues from privatization amounted to 47.9 billion Turkish liras in 2012.

Some 18 companies were put up for the privatization in the country in 2013. Over 100 investors from 20 countries were involved in the privatization of facilities and companies in Turkey in 2013.

Turkey's total income from privatization that started in 1985 amounted to $57.8 billion.

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

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

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

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

Some 38 state facilities were privatized in Turkey in 2013, according to the data received from the Turkish Privatization Agency.

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 several bridges and roads are among the privatized facilities.
The official exchange rate on April 28 is 2.1339 TRY/USD.

Translated by L.Z.

Edited by C.N.

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