As some of the Western economies such as the US, Greece, Spain, Portugal and Ireland still face a challenging future, Turkey’s ongoing privatizations are arousing considerable investor interest. Seen as a sign of confidence in the Turkish economy, the Privatization Administration’s announcement of privatization targets for 2010 have already been exceeded in the first eight months of the year. The Privatization Administration’s Deputy President Ahmet Aksu said the expected 2010 income privatizations for the year 2010 is around TRY 10.4 billion (approx. USD 6.8 billion) and that the first eight months’ tenders already accumulated USD 10 billion. “We have met our privatization goals sooner than expected”, said Aksu, adding that the successful privatizations also confirmed previous data on the Turkish economy’s strong performance. Foreign investors are highly interested in privatizations in the country’s energy industry, which grew by six percent, according to Aksu. “Turkey’s key geographical location and strong economy also appeals to foreign investors, as observed from the keen interest shown to the power grid and natural gas distribution tenders”, Aksu concluded.
 http://www.invest.gov.tr/en-US/infocente…