New management of all state companies to be appointed, transparency and investment protection are in the spotlight of the privatization process, declares PM

The new leadership of the strategic state-owned companies that are not subject to privatization will be appointed, state property management mechanisms will undergo changes and the sale of non-strategic assets becomes transparent and predictable from the standpoint of investment protection. This was announced by Prime Minister of Ukraine Volodymyr Groysman on air of the 5 TV channel.

He emphasized that there would be new appointments to state-owned enterprises and to independent supervisory boards that will be selected in a transparent competitive examination, including recommendations of international partners.

«The second step is the sale of companies that do not have a strategic importance: these enterprises have become a source of corruption, thus it is of critical importance to eradicate such processes», emphasized Volodymyr Groysman, adding that it is possible to achieve the said goal by attracting investments and new stakeholders.

«Strategic enterprises are not to be offered for sale, however others inefficient state-owned companies ought to be sold. The old system is resisting and blocking the process, but we need to draft a new bill that will allow to conduct a competitive and transparent privatization in the country. We will call on the Parliament to support it», underlined the Prime Minister.

While answering the question on changing of the leadership of key authority in the field of privatization - State Property Fund of Ukraine, Volodymyr Groysman claimed that there would be no appointment of a new management, adding that the acting Chairman should spare no effort to make efficient work. Moreover, the Prime Minister recalled that the essential task of the Government is to ensure economic growth, hence an effective privatization will enable the country to achieve this goal by attracting funds and investments to the state budget, creating new jobs and introducing new technologies.