N Cyprus on the eve of large privatizations

N Cyprus on the eve of large privatizations

NICOSIA - Anatolia News Agency

Northern Cyprus’ Ercan Airport is one of the items on the privatization agenda.

Turkish Cyprus’ Economy, Finance, Budget and Planning Commission has approved a draft law to privatize certain public assets.

The draft is now headed to a vote at the parliament. Among the items on the privatization agenda is Northern Cyprus’ Ercan Airport. 

“We are hoping that Turkish businessmen will join the auction for the Ercan Airport, because our businessmen are currently taking part in the auction on their own,” said Northern Cypriot Prime Minister İrsen Küçük, speaking at a dinner last night in Antalya, southern Turkey. 

He explained that they wanted to open the way for privatization in Northern Cyprus, having already privatized Cyprus Turkish Petroleum and were now looking to privatize the Ercan Airport. 

Ercan Airport currently has a 2.5 million passenger capacity, which Küçük says they are hoping to increase to 5 million by holding an auction to construct a more modern airport, with the capacity to support large planes.
LATEST NEWS

  1. Syria's territorial integrity 'non-negotiable,' Fidan says

  2. Crimean Tatar official named as Ukraine’s ambassador to Ankara

  3. CHP's Özel urges 'fair burden sharing' in migration crisis

  4. Trade Ministry eases border procedures for returning Syrians

  5. Parliament approves 2025 budget after weeks of talks
Recommended

Türkiye to receive larger foreign capital: Chamber head

Local textile industry facing challenges in export markets

Turkish Airlines hopes to bring more tourists from Chile

Credit card payments increase 78 percent in November

Central Bank expected to cut key interest rate this week

Trump threatens to take back control of Panama Canal

Sri Lanka’s Dissanayake to pay visit to key lender China
WORLD

Syria's territorial integrity 'non-negotiable,' Fidan says

Türkiye’s Foreign Minister, Hakan Fidan, emphasized on Dec. 22 that Syria’s territorial integrity is “non-negotiable” and reiterated there is no place for the PKK/YPG terror group in the country.
ECONOMY

Türkiye to receive larger foreign capital: Chamber head

Türkiye is expected to receive larger foreign capital and resource inflows next year as its economy becomes increasingly more stable and incentives investors, according to Erdal Bahçıvan, chairman of the board of directors of the Istanbul Chamber of Industry (İSO).

SPORTS

Fenerbahçe in tatters after Athletic loss

Fenerbahçe headed into turbulent times after a home loss in the Europa League against Athletic Bilbao on Dec. 11 night added to the club’s wounds and sparked fan protests.