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Scrambling for funds to keep its economy rolling, Turkey’s government plans to sell off major public plants, companies, ports and highways starting next year. The plan is expected to generate record privatization revenues.
Turkey’s privatization revenues hit an all-time high in 2013, totaling $12.4 billion. In 2014, the figure currently stands at $10 billion. The $12.4 billion record will almost certainly be broken next year, for the privatization of Spor Toto and the Horse Racing Authority alone are expected to generate $10 billion, with other major entities also on the list.
