Privatization: The first privatization practices in Turkey started in 1985 and many legal arrangements were made to surmount the related practical difficulties. Law No. 4046, enacted in 1994, established a comprehensive legal infrastructure for privatization practices. During the privatization process, continuing for more than 20 years, a privatization operation exceeding the amount of USD 30 billion has been realized. Some of the major privatization projects that have been implemented between 2005 and 2007 are the privatization of Türk Telekom, Erdemir, Eti Alüminyum, and TÜPRAŞ, public offering of THY, Vakıfbank, and PETKİM and the renting of Atatürk Airport. Most of the hotels and business centers of Retirement Fund have been privatized during this period. 2007 was also marked by offering of 24.98% of Halkbank’s shares to the public at a price of 1.8 billion US dollars. In addition, the tendering procedures for assignment of operating rights TDÇİ Deveci Mining Area have been completed and are awaiting signature of the assignment agreement; agreements have been signed for TCDD Mersin Port and Vehicle Inspection Centers, 1st and 2nd regions and privatizations have been completed.
In 2007, the value of the privatizations established reached a total of 4,2 billion US dollars. Work is being continued on singing privitazation agreements for TCDD İzmir and DerincePorts and 51% of PETKİM shares, for which tendering has been completed. Also, approval has been received from the Competition Committee for the privatization of TEKEL in 2008.