Privatizations 'may exceed $20 bln': Turkish Finance Minister

Speaking at the meeting "Turkish Economy and Construction Industry 2013 Expectations" on Thursday Simsek said Turkey managed to complete a soft landing in 2012 successfully.

Privatizations 'may exceed $20 bln': Turkish Finance Minister

World Bulletin / News Desk

Turkish Minister of Finance, Mehmet Simsek referred to the privatization plans and said, "Turk Telekom Group has been approved, Turkish national lottery is on the line.

In the scope of privatization plans, there may be over $20 billion worth of sales this year." Speaking at the meeting "Turkish Economy and Construction Industry 2013 Expectations" on Thursday Simsek said Turkey managed to complete a soft landing in 2012 successfully.

Simsek underlined this year the budget was based upon sound footing and added, "We expect revenues to increase strongly. Target is 4 billion Turkish Liras (TL) this year."

Coming to the privatization plans, he continued saying, "We have a really busy schedule ahead of us. Tenders will be lodged for most of the production facilities. Turk Telekom has been approved. There is Turkish national lottery as well. In the scope of privatization plans, there may be over $20 billions worth of sales this year."

Simsek added, they keep their targets low as of now and noted, "There are a couple of factors which effect the growth in long term. One of those is the quality of the corporations. With our reforms, we increased the corporate infrastructure. There are really important reforms taking place. Second important factor is the demographic structure, in other words the young population. Work force among women rises. These are important subjects."

Last Mod: 31 Ocak 2013, 16:43
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