Ukraine’s Cabinet transfers 530 state-owned enterprises for privatization

Source : 112 Ukraine

The cost of assets agreed for privatization amounts to 512 million dollars
13:32, 27 December 2019


Cabinet of Ministers has transferred 530 state-owned enterprises, the total cost of which amounts to more than 512 million dollars, for privatization. The Prime Minister of Ukraine Oleksiy Honcharuk has informed about it on his Twitter page.

Auctions are scheduled to begin in 2020.

"In almost 4 months, more state-owned objects have been transferred for privatization than in all 28 years of independence," Ukraine’s PM wrote.

According to Honcharuk, this will attract investments for a number of state-owned enterprises and will increase wages for employees.

Related: Privatization in Ukraine: A locomotive of sustainable development or a dead end?

As we reported earlier, President of Ukraine Volodymyr Zelensky has signed a law on cancellation of the list of enterprises forbidden to privatize. Head of the Office of the National Investment Council of Ukraine Julia Kovaliv reported this during the briefing on air of 5 TV channel.

“President of Ukraine signed the law to cancel the list of objects, which are forbidden for privatization. This law has been active since 1999 and during the recent years it has been the biggest obstacle, which obstructed large-scale privatization in Ukraine,” Kovaliv said.

According to her, the first five enterprises including Hotel Dnipro on European Square in Kyiv were transferred to the State Property Fund. Center-Service State Enterprise, Technobud, ТМ UNTC ltd., Chayka State Enterprise are also to be privatized”.

Related: Medvedchuk: IMF not interested in Normandy format, they need land sale, extensive privatization

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