Turkish coal industry to be privatized

Turkish coal industry to be privatized

Turkish Minister for Energy and Natural Resources Taner Yildiz said that 16 coal mines will be privatized. He did not specify the date, rend reports.

Income from privatization increased by 25.3% and exceeded $28 billion last year. 18 companies were offered for privatization last year. Over 100 investors from 20 countries took part in the privatization process.

Turkish Prime Minister Recep Tayyip Erdogan noted that the country had higher privatization rate than all EU countries.

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