Turkey's Privatization Program Marches On: Bids too Low?
by Ben Welch (vol. 6, no. 6 of the Turkey Analyst)
While the recent decision of Turkish Prime Minister Recep Tayyip Erdoğan to cancel a privatization tender has caused concern, due to the unpredictable nature of the intervention, Turkey remains a popular venue for international investors seeking high-yielding infrastructure purchases. With more positive news in the first quarter of 2013 reflecting declines in the current account deficit, reasonable projected growth over the next few years, and the demographics pointing in the right direction, the stage is set for continued interest in the Turkish privatization market.
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