We will do utmost to ensure carrying out transparent and gradual privatization, says Prime Minister

The Cabinet of Ministers within the context of the priority tasks seek to stimulate development of the country intends to begin a major overhaul of the privatization process which has been stalled for the last 25 years. This was stated by Prime Minister of Ukraine Volodymyr Groysman on air of the ICTV television channel.

He stressed that relevant legislative framework had been already elaborated.

“The proposals of amendments to the legislation will be submitted to the Parliament”, said Volodymyr Groysman

He recalled that Ukraine had a different experience of denationalization, primarily negative. «When the privatization was triggered in the 90s, we all remember how people were given some kind of paper, businesses were taken away and we bear in mind what was the end of this- said the Head of Government. What is now? There are inefficient enterprises. What we should do with them? The answer is - to sell them through electronic public procurement system. It is a great step for the first time in 25 years. Why we sell them in such a way? - to ensure that entrepreneur who bought the company creates new jobs and starts producing a national product.»

The Prime Minister has put an emphasis that in Ukraine there is a large number of unprofitable state-owned enterprises. “I have never seen poor CEOs“, stressed the Prime Minister, adding that the situation will change: transparently and step by step.