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Government committee approves 26 large enterprises to be privatized in 2018
18:05, 6 May 2018

Government committee approves 26 large enterprises to be privatized in 2018

The President of Ukraine Petro Poroshenko signed the law on privatization on 2 March at the National Reforms Council.

18:05, 6 May 2018

tusib.org

The government committee has approved a list of large businesses to be privatized over the current year. In particular, the list includes five regional energy companies, Tsentrenergo, Odesa Port-Side Chemical Plant, Turboatom, the Zaporizhzhya Titanium and Magnesium Combine, United Mining-Chemical Company, Sumykhimprom. The acting head of the State Property Fund of Ukraine Vitaliy Trubarov said this, Interfax-Ukraine reports.

 

Related: Ukraine Is worth fighting for, - Anders Aslund

According to Trubarov, 18 enterprises currently under the fund’s management, such as Ternopiloblenergo, Zaporizhoblenergo, Kharkivoblenergo, Mykolaivoblenergo, Khmelnytskyoblenergo, the Kherson thermal power plant, the Dniprovska, the Kryvy Rih and Severodonetsk thermal power plants.

Another three enterprises are under the management of the Ministry of Economic Development and Trade, including the Unted Mining-Chemical Company, Electrotyazhmash and the Dniprovsky Electric Locomotive Plant. Two other businesses are managed by the Ministry of Agrarian Policy – the Agrarian Fund and the State Food and Grain Corporation of Ukraine. The Ministry of Energy and Coal Industry, the Cabinet of Ministers and the Ministry of Healthcare manage one enterprise each – Krosnolymanska coal company, Ukragroleasing and Indar respectively.

 

Related: Privatization: Why does Ukraine need it?

On 18 January 2018, the Parliament of Ukraine at second reading and in general supported bill #7066 on state property privatization with technical and legal amendments. The President of Ukraine Petro Poroshenko signed the law on privatization on 2 March at the National Reforms Council.

In connection with the entry into force of this law, on March 7 the SPF revised the lists of items for privatization in 2018, in particular excluding controlling stakes in five regional energy companies, blocking stakes in three regional energy companies, Donbasenergo and 40% in Svit Lasoschiv.

 

Related: Ukraine is serious about privatization this time

If the government approves the terms of sale, the SPF plans to put the first three bids up for auction in May, Centrenergo in June, but there is no ZAlK in Trubarov's report.

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