Arseniy Yatsenyuk: Creation of state holdings will completely release state property from the control of Ministers

The adoption of legislation on transparent privatization is the first and shortest way towards attraction of foreign investors: "It is a way to increase the volume of investments in the Ukrainian economy, to create jobs and to relieve state-owned enterprises from political influence," Prime Minister of Ukraine Arseniy Yatsenyuk emphasized at the meeting of the National Council of Reforms on Monday, December 14.

In order to relieve state enterprises of their political influence, the Government has begun a process of the formation of an independent Selection Commission and the appointment of managers of state enterprises by the Selection Commission: "It’s not that simple, but the process is gaining traction. And several managers of state-owned enterprises are appointed by the independent Selection Commission and they are quite active".

In particular, the Head of the Government said, the Selection Commission appointed a chairman of the Supervisory board of Ukrnafta, "when the shareholders' meeting appointed the new head who are British" as well as Ukrzaliznytsya (Ukrainian railways).

The Minister of Infrastructure of Ukraine proposes a number of specialists, and the Government has made a decision and these people will serve for state companies in the infrastructure sector, Arseniy Yatsenyuk said.

He also said that the Ukrainian Government adopted the decision concerning the introduction of audit statements and audit reports for all state-owned enterprises. The audit is conducted by Big Four.

"The State Property Fund has been commissioned to prepare a strategy for the creation of state holdings, to completely release state property from the control of Ministers," Arseniy Yatsenyuk said, stressing that such the decision is supported by the President and the Government.

He noted that the issue about the structure and the number of such holdings is being considered.