Ukraine is to sell some 100 state enterprises in 2018

Source : 112 Ukraine

The State Property Fund of Ukraine intends to sell a few banks, a few regional energy distribution companies, and a Russian enterprise
12:46, 8 December 2017

Open source

The State Property Fund of Ukraine compiled a list of some 100 state enterprises that are to be sold in 2018, according to their press service.

The list includes the Odesa port plant, a few regional energy distribution companies (Oblenergos), and a Russian enterprise Kosmotrans.

Related: Ukrainian government, World Bank agree on attraction of IFC to privatization of Ukrgazbank

Vitaly Trubarov, Head of the fund, said that the country expects to make $823 million on selling the enterprises. The process of privatization of some of the enterprises has already started and the decision as to them will be made in spring.

“It’s a real sum which the fund will fulfil. In the nearest future, the Ukrainian Parliament will adopt a new law on privatization, which will not only simplify the process of privatization and shorten the time of preparation but will also be comprehensive for investors. So the next year should become the year of privatization,” Trubarov said.

Related: Poroshenko offers Saudi Arabia to participate in privatization in Ukraine

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