The Turkish government is expecting $1.7 billion in revenues from various privatization schemes to be carried out in 2002. Both the Turkish Oil Refineries (Tupras) and Petrol Ofisi are listed for privatization in the first quarter of 2002, reported the official Anatolia news agency.
State Minister Yilmaz Karakoyunlu informed journalists that in the second and third quarters of 2002, the paper manufacturer Seka was also put down for privatization. The sale of Turkish Airlines (THY) is also targeted for the third quarter.
Turkey is expecting $16 billion in grants from financial institutions in an attempt to boost its suffering economy. Under the framework of the recently undertaken three-year economic reform program, funding from the International Monetary Fund (IMF) and the World Bank has already been confirmed. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
