Small privatization will start as scheduled, says Olexandr Saienko
Service of Minister of the Cabinet of Ministers of Ukraine, posted 09 July 2018 11:06

The Minister of the Cabinet of Ministers of Ukraine, Head of the interagency working group on privatization Oleksandr Saienko held a meeting with the leadership of the Ministry of Economic Development and Trade of Ukraine and the State Property Fund of Ukraine. The meeting participants touched upon issues related to the launch of small-scale privatization.

The meeting was attended by First Deputy Minister of Economic Development and Trade of Ukraine Maksym Nefyodov and Acting Chairman of the State Property Fund of Ukraine Vitalii Тrubarov.

The sides agreed to resolve  shortly all disputable questions in order to launch the privatization of small assets on time which is scheduled to be held in July.

"Small privatization  is to be unlocked and to begin within the above-mentioned deadlines", the Minister of the Cabinet of Ministers stressed.

According to the outcomes of the meeting, the Ministry of Economic Development and Trade in synergy with the National Securities and Stock Market Commission of Ukraine will shape conditions for the sale of blocks of shares of the state-owned companies through electronic platforms, elaborate details and conditions for conducting electronic auctions, guarantee payments, etc., prepare an explanation of the question of entering information about the conditions of electronic auctions.

"This week the State Property Fund intends to sign agreements with authorized electronic platforms, and next week we will be able to start the first sales competitions. Our objective is to conduct a privatization effectively, transparently, with the maximum economic effect for the enterprises that are being transferred to private property. We will solve all the pressing  issues within the framework of the working process and will conduct a small-scale privatization  timely and efficiently", the Minister of the Cabinet of Ministers underscored.

Background

The State Property Fund of Ukraine has approved the list of more than 600 objects of small-scale privatization to be sold in 2018. The list includes integrated property complexes, separate property, state stakes in enterprises with a common form of ownership, objects of unfinished construction, objects of social and cultural purpose. The value of assets of such objects should not exceed UAH 250 million. Pursuant to the Law of Ukraine "On privatization of state and communal property", which became effective in March, privatization will be conducted through the electronic platform "ProZorro.Sales". Last week, the first ten electronic sites for small-scale privatization were accredited in the system.