Zelensky signs law on cancellation of list of enterprises forbidden to privatize

First five enterprises including Hotel Dnipro were transferred to the State Property Fund
17:09, 28 October 2019

Volodymyr Zelensky
Open source

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 law to cancel the list of objects which are forbidden from 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.”

At the same time, Kovaliv specified that the Cabinet of Ministers has to form and pass the list of strategic enterprises subjected to privatization to the Verkhovna Rada. According to her, it should happen in the next three months.

Related: Big privatization failed when we have no time for mistakes

As it was reported earlier, from the very beginning of 2019, the representatives of IMF and State Property Fund of Ukraine during the business meeting discussed options for solving key problems that last year blocked the process of large-scale privatization under the new law adopted on January 18, 2018.

From the first days of the coming 2019, the State Property Fund of Ukraine sharply intensified its activity. Yes, the real work began, and the SPF head Vitaly Trubarov hurried to report on January 10: "We agreed with the IMF permanent representative Gösta Ljungman to work together to solve problems that block the process of big privatization ... A clear requirement of the IMF is to start sales of large privatization companies in 2019." And the officials immediately rushed to follow the orders of the IMF Resident Representative in Ukraine.

Already on January 16, the list of large-scale privatization objects was approved, the Cabinet of Ministers made the appropriate decision and here are the objects for sale:  Ternopiloblenergo OJSC, Centrenergo PJSC, Zaporizhyaoblenergo PJSC, Kharkivoblenergo JSC, Mykolaivoblenergo JSC, Khmelnytskoblenergo PJSC , United Mining and Chemical Company, Krasnolymanska Coal Company, PJSC Azovmash, State Plant Electrotyazhmash, PJSC Sumykhimprom, PJSC Odesa Port Plant, OJSC Oriana, PJSC President-Hotel, PJSC Ukragrolizing, Indar pharmaceutical company.

Related: Ukraine should focus on land reform and privatization, - IMF


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