(ECO) TURKEY FIFTH IN OECD PRIVATIZATION RANKING.ANKARA, Oct 5, 2009 (TUR tur: see ibex. ) -- Turkey has become the fifth among top ten countries that belong to the Organization for Economic Cooperation and Development Organization for Economic Cooperation and Development (OECD), international organization that came into being in 1961. It superseded the Organization for European Economic Cooperation, which had been founded in 1948 to coordinate the Marshall Plan for European , or OECD OECD: see Organization for Economic Cooperation and Development. , in a privatization privatization: see nationalization. privatization Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned ranking. In the list of "Privatization Top-10: OECD Countries from 2000 to 2007" prepared considering largest absolute amounts, Turkey came the fifth after France, Italy, Germany and Japan, with 25 billion USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. of privatization transactions. The ranking was published in an OECD report, "Privatisation in the 21st century: Recent Experiences of the OECD Countries-Report on Good Practises", which assessed successful privatization policies. Turkey has also become the eighth in the list of largest ten individual privatisation transactions in the OECD area 2000-2007 with privatization of Turk Telekom. 55 percent shares of Turk Telekom was sold to Oger Telekom for 6.6 billion USD in 2005. Below is the ranking of "Privatisation Top-10: OECD countries from 2000 to 2007": Amount Country (USD/billion) ---------- -------------- France 98.2 Italy 69.6 Germany 65.0 Japan 33.2 Turkey 25.0 Netherlands 23.1 Austria 20.0 United Kingdom 18.4 Finland 18.3 Swede swede: see turnip. 16.0 The list of largest ten individual privatisation transactions in the OECD area 2000-2007 is as follows: Share of Company Transferred Proceeds Year Country Company Sector (Percent) (USD/billion) Observation ----- ---------- --------- --------- ----------- -------------- ------------ 2006 Australia Telestra Telecom 33.6 13.7 Third tranche Corp. 2000 Germany Deutsche Telecom 6.6 12.8 Third tranche Telekom 2004 Italy ENEL ENEL Ente Nazionale Energia Elettrica (Italy) ENEL Empresa Nicaraguense de Energía Electrica (Nicaragua) Utilities 19.6 9.5 Third tranche 2000 Japan NT&T Corp Telecom 6.4 8.7 One of last tranches 2005 France Electicite de Utilities 12.7 8.4 Initial France Public Offering 2000 Sweden TeliaAB Telecom 29.4 7.7 Initial Public Offering 2005 France Autoroutes du Transportation 50.0 6.8 Second tranche Sud de la France trade sale 2005 Turkey Turk Telecom Telecom 55.0 6.6 Trade sale to foreign investor 2004 France France Telecom Telecom 10.9 6.2 Third tranche 2005 France Autoroutes Transportation 70.2 5.8 Second tranche, Paris-Rhin Rhone trade sale (T-MS) (THROUGH ASIA Asia (ā`zhə), the world's largest continent, 17,139,000 sq mi (44,390,000 sq km), with about 3.3 billion people, nearly three fifths of the world's total population. PULSE) |
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