Turkish FinMin confident 2014 privatisation revenue target will be met.

By bne IntelliNews April 28, 2014

Turkey will reach its privatisation revenue target of USD 7bn this year, finance minister Mehmet Simsek said. The government generated over USD 12bn last year from privatisation deals, well above its target of USD 4bn, Simsek added.

The finance minister travelled to Qatar for talks with international investors. Simsek will also visit Kuwait, and the United Arab Emirates.

Simsek noted large foreign investors’ strong interest in Turkey and said that his contacts in the Gulf countries may boost interest in Turkey’s privatisation assets.

They are working on the privatisation of Spor Toto, the country’s sole legal public sports betting company, and IGDAŞ, Istanbul’s natural gas distribution network as well as the Haydarpasa Port project, Simsek said.

Last week, the privatization administration (OIB) extended the bidding deadline for the concession tender for 10-year license of games operated by Milli Piyango from May 20 to June 27. Milli Piyango is one of the big-ticket items on the privatisation programme.

Related Articles

Erdogan says he plans talks with lenders on cutting Turkish interest rates

Turkey's President Recep Tayyip Erdogan said on October 13 that he plans to hold talks with both public and private lenders on how to lower interest rates. He did not say, however, when those ... more

Turkey's Erdogan turns fire on US ambassador in diplomatic spat over arrest

Turkish President Recep Tayyip Erdogan has turned his fire on the US ambassador to Turkey for the ... more

Turkey-based Eurasian development bank ETDB signs memo to boost return to Iran

The Central Bank of Iran (CBI) and the Turkey-based ECO Trade and Development Bank (ETDB) have signed a memorandum on strengthening bilateral ties, the CBI said on October 10. ETDB is a Eurasian ... more