Baku, Azerbaijan, Feb.10
By Rufiz Hafizoglu - Trend:
The cancellation and prolongation of tenders for the privatisation of state property in Turkey has a negative impact on the country's economy, Turkish Minister of Energy and Natural Resources Taner Yildiz said, the Turkish Sabah newspaper reported on Feb.10.
The cancellation and prolongation of the tenders for privatisation create distrust amongst investors, according to the minister.
Tenders for the privatisation of three power plants - Yatagan, Yenikoy and Kemerkoy were cancelled in Turkey. The country would have received nearly $100 million from the deal.
Turkey's revenues from privatisation increased by 25.3 percent and reached 60 billion Turkish liras in 2013 compared to 2012.
Some 18 companies were put up for the privatisation in the country in 2013. The total income from nine hit 65 million Turkish liras.
Over 100 investors from 20 countries were involved in the denationalisation of facilities and companies in Turkey in 2013.
Turkey's total income from privatisation that started in 1985 amounts to $57.8 billion.
The plant for sugar production, two bridges and a number of main roads are expected to be denationalised in Turkey in the next two years.
Since the process began in Turkey, some 270 public organisations, eight main roads, two bridges and six ports have been sold.
Earlier, Turkish Prime Minister Recep Tayyip Erdogan said that currently, Turkey is outdoing almost all EU countries in this sphere.
Privatisation in the country is aimed at the development of the private sector, according to Erdogan.
Some 38 state facilities were denationalised in Turkey in 2013, the Turkish Privatisation Agency said.
It is expected to bring in $887.45 million of revenue from the denationalisation of 13 state facilities that are currently awaiting approval.
Ski resorts, as well as several bridges and roads are among these deals.
The official exchange rate on Feb.10 is 2.2169 TRY/USD.
Translated by L.Z.
Edited by S.M.
