Turkish PM Recep Tayyip Erdogan, who chose a shining light bulb as his party's symbol, is struggling to keep the power on
Turkey's largely state-owned electricity industry had trouble coping with high demand in the record temperatures of July and August. Now that Erdogan has won re-election to a second five-year term, he can proceed with plans to privatize the power companies. One thing Erdogan says he wants is to put power stations, regional electricity grids and the national lottery on the block. Earlier this year, his government sold the right to operate a group of airports in Istanbul and the resort of Antalya for $5.8 billion. And in early July, after years of delay, Petkim Petrokimya Holding AS, a state-owned chemicals maker, was sold for $2.05 billion to a group of Russian and Kazakh investors.
Foreign direct investment is also booming. It rose to a record $19.8 billion in 2006 and totaled $11 billion for the first five months of 2007.
No comments:
Post a Comment