WILL NEW POLICIES RESTORE INVESTOR CONFIDENCE?
If a plentiful supply of shares is the tangible evidence of a developed capital market, Turkey need not wait long for its market to take off. At he end of June, the government summoned business leaders to Ankara to hear a five-hour presentation of the state’s privatization proposals for the first of its huge stable of 180 economic enterprises. The businessmen came away with the knowledge that five of their operations were cleared for sale, the first possibly next January.
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