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ARTICLE · 21 JULY 2009

Privatization In Turkey: Full Steam Ahead

Hergüner Bilgen Üçer Attorney Partnership
Hergüner Bilgen Üçer Attorney Partnership
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Hergüner Bilgen Üçer Attorney Partnership

Hergüner Bilgen Üçer Attorney Partnership

Since 1989, Hergüner Bilgen Üçer has been recrafting the Turkish law firm model along modern...

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Over the last few years, economic and legislative reforms – as well as a newly established macroeconomic policy that includes a serious privatization program – have built up a strong private sector in Turkey.

TurkeyStrategy
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Over the last few years, economic and legislative reforms – as well as a newly established macroeconomic policy that includes a serious privatization program – have built up a strong private sector in Turkey.

The Prime Ministry Privatization Administration ("PA") supervises authorization of organizations in the privatization program, with the aim of minimizing state involvement in commercial activities and allowing free enterprise to grow quickly. Such freedom has led to the recovery and stability of the Turkish economy, especially visible in the privatization achievements between the years 2002-2008. Since 1986, Turkey has generated USD 38,170,024,019 in income from privatization, and USD 6,297,123,974 of this accrued in 2008 alone.

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