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Revenues from privatization in Turkey in 2014 revealed

Business Materials 9 January 2015 20:48 (UTC +04:00)

Baku, Azerbaijan, Jan.9

By Rufiz Hafizoglu - Trend:

Revenues from privatization in Turkey in 2014 amounted to 70 billion TL, the Anadolu agency said Jan.9.

The official exchange rate on Jan.9 is 2.3118 TRY/USD.

In 2014, the shares of 13 large Turkish companies have been put up on the stock exchange of the country, and the incomes from the sale of the shares of nine of them amounted to 690 million TL.

Shares of the four major companies have been sold on the stock exchange for 24 million TL.

In 2013, Turkey earned 60 billion TL from the sale of real estate.

Turkey's revenues from privatization amounted to 47.9 billion TL 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 by early 2014.

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 and the current President 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 him.

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.

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Follow the author on Twitter: @rhafizoglu

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