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  • Oleksiy Honcharuk: Non-core loss-making assets of SOEs will be transferred to the private sector
    Communications Department of the Secretariat of the CMU, posted 21 January 2020 21:04

    Marginal and non-performing assets of state-owned companies (SOEs), which create preconditions for corruption, will be listed for sale. Prime Minister Oleksiy Hocnharuk made this statement at a meeting with representatives of the SOEs.

    "Non-core assets of the SOEs, which are a source of corruption, will be transferred into private ownership. Their sale will increase the efficiency of public sector enterprises. Now these assets include stables, pig farms and others. They undermine company’s work, do not make a profit, and create preconditions for corruption. We will eliminate these corruption risks," Oleksiy Honcharuk stressed.

    The issues related to investment and public procurement were discussed at the meeting. The Head of Government commissioned the Ministry of Economic Development, Trade and Agriculture to complete the work and finalize proposals for the preparation of state orders for enterprises.

    According to the Prime Minister, the State Property Fund should shape a blueprint for attraction of investments by selling assets that are unprofitable and non-strategic for the country to the private investors.

    The PM stressed that from February 1, an affordable loan program at 5-7-9% interest rate  for people to start

    Apart from that, Oleksiy Honcharuk instructed the Ministry of Economic Development, Trade and Agriculture to formulate proposals for revising the remuneration of top managers and supervisory boards. "The payroll should be competitive and at the same time fair," the PM underscored.

    Oleksiy Honcharuk: Non-core loss-making assets of SOEs will be transferred to the private sector