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  • Denys Shmyhal: Privatization of state-run enterprises envisages increasing jobs and attracting investment
    Communications Department of the Secretariat of the CMU, posted 12 August 2020 14:30

    This was stated by Prime Minister Denys Shmyhal during a meeting of the Cabinet of Ministers on August 12, commenting on the draft order of the Cabinet of Ministers on the transfer to the management of the State Property Fund almost 200 state-owned objects.

    According to Denys Shmyhal, the transfer is taking place in order to launch the process of privatization of these objects.

    "We see as the main conditions for privatization, the preservation and increasing of workplaces, payment of taxes, as well as investment in each particular company. There are more than 3,000 state-run enterprises in Ukraine. And no Ukrainian government has been able to effectively manage such a large number of enterprises. That is why we continue to move towards privatization processes through open and fair tenders," said the Prime Minister.

    On the outcomes of the Government session, the Cabinet of Ministers also supported the draft resolution concerning the approval of the Methodology for calculating concession fees. According to the Prime Minister, this decision establishes a method for determining the fair price that a private enterprise can receive from concessions with the state.

    "Private companies invest money, create additional jobs for Ukrainians, and in return receive a fair share of profits from such joint work with a state-owned enterprise," explained the Head of Government.

    Denys Shmyhal added that this is an effective mechanism that will help reduce corruption, increase the number of jobs and ensure the economic advance.

    Apart from that, the Prime Minister emphasized that the Government passes the final stages of drafting a bill that was designed to determine the list of facilities that should remain under state control.

    "We are talking about important state-owned companies, such as Naftogaz or Energoatom. Our strategy is to retain control over about 300 companies out of more than 3,000. We realize that this is exactly the number, the balance and the best option when the Government continues to fulfill its obligations to Ukrainians through various enterprises and is simultaneously capable of remaining an effective manager," summed up Denys Shmyhal.

    Denys Shmyhal: Privatization of state-run enterprises envisages increasing jobs and attracting investment