Guarded optimism about Turkey's plans

Article Abstract:

Turkey's privatisation policy has been slowed down by constantly changing government coalitions and instability. Planned privatisations for 1997 include 15-25% of petroleum distribution concern Petrol Ofisi (Poas) and 40% of steel manufacturers Eregli (Erdemir). Canlar Automotive Tourism Construction purchased Kutalan Cement for $28.1 million in September 1997. Etibank has been retendered after its initial sale for $185 million fell through in March 1997. Other sales include Turk Telecom, Seyitomer Thermal Power Plant and Ambarli Power Plant.

Public Finance Activities, National Government Finance, Economic aspects, Mergers, acquisitions and divestments, Public finance, Turk Telecom, Eregli(Erdemir), Petrol Ofisi (Poas), Etibank

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Turkish steps to overcome dismal past

Article Abstract:

The Turkish government has taken measures to speed up its telecommunications industry privatization programme. Progress in the privatization of state-owned Turk Telekom has been made since Feb 1998 despite the fact that numerous obstacles that still exist. Mobile telephone licence fees will total one billion US dollars. Other industries are also to be privatized including the airline industry.

COMMUNICATION, Communications, Broadcasting and Telecommunications, Telecommunications industry, Cellular telephone services industry, Cellular telephone services, Economic policy

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Turkish programme jolted into action

Article Abstract:

Privatisation in Turkey began immediately following parliamentary approval of the framework privatisation legislation. Eight companies have already been sold by the privatisation board and the sale of Et Balik, a state food retailer, has been agreed. It is expected that major sell offs will follow, including Petrol Ofisi, steel mills, PTT's telecommunications division and the Tupras refinery.

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