Türkiye earned a complete of $71.5 billion (TL 2.30 trillion) from privatization from 1986 to 2023, in accordance with a current Anadolu Agency (AA) report primarily based on knowledge from the nation’s privatization authority.
Modern privatization practices in Türkiye started in 1986 with unfinished services, small-scale enterprises, some giant factories, in addition to varied public choices.
They accelerated in a number of sectors, corresponding to textiles, petrochemicals, cement, the feed trade, iron and metal, tobacco and alcohol, and electrical energy distribution.
The complete variety of privatizations carried out by the Privatization Board of Türkiye (ÖIB) between 1986 and 2023 amounted to $71.5 billion, in accordance with the authority’s 2023 annual report.
Treasury obtained $346M in 2023
Tenders for 51 privatizations had been performed final yr, producing roughly $181 million in income. Together with the installments from the yr earlier than that, complete income reached $440 million in 2023.
Total transfers to the Treasury, in the meantime, amounted to $346 million.
The privatization authority is at present getting ready for a public providing of Türkiye’s state-owned electrical energy operator, the Turkish Electricity Transmission Corporation (TEIAŞ).
Meanwhile, Fenerbahçe Marina, located on Istanbul’s coast to the Marmara Sea, is predicted to be retendered within the second quarter of 2024.
As for the port of Çeşmeli within the northwestern province of Tekirdağ, on the European facet of the identical sea, its privatization is deliberate for completion later this yr.
Preparations are additionally being made for the privatization of the Port of Gökçeada Kuzu and the Port of Kabatepe within the northwestern metropolis of Çanakkale.
Source: www.dailysabah.com