PM to announce most ambitious privatization in Ukraine

"We are going to announce the most ambitious privatization for all 20 years. State-owned companies, which are a subject of corruption rather than development, should be privatized," stated Ukrainian PM Arseniy Yatsenyuk at the Third All-Ukrainian Agricultural Forum on Thursday, July 10.

He has noted that next week the Government of Ukraine will consider the bill on the list of facilities that are not subject to privatization.

Arseniy Yatsenyuk called state-owned and holding companies inefficient ones that are focused only on one thing - stealing money received under the state guarantees": "I am ready to prove it by figures," said the Prime Minister.

"For 20 years has been brought forth the whole mechanism for collecting and pumping money - various permits and certificates," he added, recalling that 20 different kinds of permits have been already cancelled.

Arseniy Yatsenyuk has also stressed that there are still tax gaps in Ukraine: "They have being hushed up for two months, but now have again turned up. Laundering of VAT proceeds has been again begun.

The Prime Minister informed that at a meeting of July 9 gave time the Head of the State Fiscal Service up to 1 September: "There’ll be the devil to pay when there are tax gaps. There’ll be no other option. Today, each hryvnia is worth its weight in gold, and the fight against corruption in the system of tax authorities should be not in words and in figures."