A new bill on privatization in Ukraine, which provides for the introduction of principles for the competitive sale of state assets and protection of investment basing on principles of English law, can be approved by the Verkhovna Rada of Ukraine in September-October. Prime Minister of Ukraine Volodymyr Groysman announced during the Dragon Capital Ukraine Invest. The event is being held within the framework of the visit of the Head of Government to the United Kingdom of Great Britain and Northern Ireland.
The Prime Minister stressed that the draft law had been shaped in a fruitful cooperation with experts and international partners. Soon it will be considered at the meeting of the National Council of Reforms, and aftermath - submitted to the Parliament for further discussion. Adoption of the document, assured the Head of Government, will allow the Government to launch the process of a large-scale privatization, to leverage new investment to Ukraine, to introduce new technologies as well as to create new workplaces.
“We want the law be passed in September-October. It will open up the possibility to increase investment flows in the economy of our state. And we are eager to guarantee every investment be effective”, stressed Volodymyr Groysman. “We will ensure competitiveness, transparency and protection. Three things that prove critical to us."
The Prime Minister reminded that there are currently 3,500 state-owned enterprises in Ukraine, the majority of which can be transferred to private ownership. The Head of Government explained, those companies having strategic value for the economy and security will remain GOCs. However, they will also undergo changes. It implies qualitative restructuring in the management of such assets, stressed Volodymyr Groysman.