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.
Turkey will not extradite any terror suspects to the US if Washington continues to refuse to hand over Fethullah Gulen, President Recep Tayyip Erdogan said on January 11. Ankara blames the ... more
The Turkish central bank reported on December 7 that its gross forex reserves last week experienced a record drop, declining to $89.85bn on December 1 from $96.35bn a week earlier. ... more
EU governments have agreed with the European Parliament to withdraw €105mn that would have gone to help finance political ... more