The Government has approved the transfer of 339 enterprises for further privatization. “This is almost 10% of all state-owned enterprises. Most of those are real estate and agricultural enterprises. The efficiency of their operation almost equals to zero, they generate losses and are entwined with frequent corruption scandals. In the case of privatization, the budget could earn up to 6 billion hryvnias from their sale,” the Prime Minister of Ukraine said.
These companies, and more specifically their property, will be released at a transparent auction, during which everyone wishing can get it into ownership through an open bidding.
The decision of the Government is part of the planned privatization of state property and an objective within the framework of implementation of the Decree of the President of November 5 on the transfer of 500 objects for privatization by December 31, 2019.
In total, within the scope of the preparation to privatization the Ministry of Economic Development and Agriculture in cooperation with other Government agencies have analysed over 1,300 enterprises and 740 enterprises out of that number have been agreed to be privatized.