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“Transition economies” phrase , covering various countries as well as Caucasus and Central Asian Turkic Republics, was found its place in the literature by the 1980’s and this transformation process from the centrally planned economy to market economy was analyzed with economic and fiscal dimensions. Without any doubt, the transition process of these countries wouldn’t be easy and exhibits differences, especially for the Central Asian Turkic Republics, as they were governed under the command economy over many years. Related studies is put forward the increasing importance and future predictions within this scope. Two of the most economical and fiscal prosperity indicators of the transition economies are reconstruction of government and privatization implementations. In this context, after literature review analyzing the privatization implementations and the level of economic freedom indexes related to reconstruction of government by many dimensions under seminal international databases are crucial for that countries. With this study, after literature review , on the 25th year of the transition of Caucasus and Central Asian Turkic Republics, in 2016, reconstruction of government and privatization implementations are examined both in fiscal and economically and will be analyzed by many dimensions under seminal international databases . Kazakhstan and Azerbaijan are not only the prosperous countries in this respect but also have outstanding mining and underground resources. We also reach that the reform process of transition and the prosperity of economic indicators have not been strongly correlated.

Evaluating Transformation Process in Central Asian Turkic Republics in terms of Privatization and Economic Freedom on 25th Anniversary of the Transiti