Privatization in first 6 months $1.6B

Published 15.07.2014 00:45
Updated 15.07.2014 12:35
Privatization in first 6 months $1.6B

The proceeds from the state's privatization drive in the first half of this year reached $1.6 billion, according to the Privatization Administration, which said that $400 million of the revenue was paid as taxes and other miscellaneous expenses.

The total amount of completed privatization processes in the first half of 2014 exceeded $1.6 billion, official data shows.

According to data collected from the Privatization Administration, Turkey has earned more than $1.2 billion from 116 privatization tenders so far this year.

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