Government will shortly introduce a proposal to trigger a large-scale privatization and urges Parliament to support it, says Prime Minister

The Government plans to submit to the Parliament a proposal to launch a large-scale privatization of inefficient state-owned enterprises and calls on MPs to support this initiative which will allow to leverage investment and to ensure sustainable economic growth. This was announced by Prime Minister of Ukraine Volodymyr Groysman during A Question Time for the Government at the Verkhovna Rada of Ukraine.

“We have to elaborate amendments to the legislative acts in the sphere of privatization, thereby ensuring competitiveness of privatization. We will shortly introduce this proposal to the Ukrainian Parliament and want to consolidate our joint efforts in order to elaborate a draft law which will enable us to attract investment in the economy of the country and to ensure the sustainable economic growth», stressed the Prime Minister.

The state of affairs in the sphere of public and competitive sale of state companies has proven its inefficiency as well as has been a source of corruption and is required a special attention of the Verkhovna Rada of Ukraine.

In this context, the Head of Government stressed that he is not satisfied with the work of the State Property Fund of Ukraine. "I think last year they managed to do nothing in order to launch effectively the privatization process in the country, the sale of state property which is not efficiently being managed by the state authorities and which is a source of corruption, including appointees to these enterprises", underlined the Prime Minister.