Sunday 28 July 2013

ECONOMICS - What left to sell after $54 billion of privatization

ECONOMICS - What left to sell after $54 billion of privatization:

"
The government aims to get $3-4 billion of yearly
               revenues from privatizations. Energy enterprises are the
   first to be sold, followed by highways and bridges.
DAILY NEWS photo, Emrah GÜREL
Many assets were privatized in May and June in a very quiet way. In the first half of 2013, $8 billion worth of privatizations were held. Seyitömer Thermic Plant was sold for $2.2 billion, BEDAŞ, which is responsible for power distribution for the Anatolian side in Istanbul, for $2 billion, and Başkent Gas in the capital Ankara for around $1.2 billion, among others.

Balance sheet

The privatization wave got started in Turkey in 1985, but a majority of them took place during the Justice and Development Party (AKP) government in the last decade. The AKP government has sold state-owned companies for over $54 billion over the last 10 years, and $8 billion in the first half of 2013. "

'via Blog this'

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