Prime Minister: We will continue to introduce corporatisation reform in critical companies

Prime Minister Denys Shmyhal chaired a meeting on the implementation of the reform of effective state property management. The meeting was attended by First Deputy Prime Minister and Minister of Economy Yuliia Svyrydenko and Chairman of the State Property Fund Rustem Umerov.

According to the Ministry of Economy, the state currently manages over 3,000 objects. 109 are designated as strategic and will not be subject to privatisation. More than 600 companies in the energy, transport and defence industries will remain under state control until the end of martial law.

"We will continue to introduce corporatisation reform in critical companies to improve their efficiency. This is one of the markers of compliance with the criteria of the Organisation for Economic Cooperation and Development," said Denys Shmyhal.

At the same time, more than 1,900 objects have already been transferred to the State Property Fund. The Prime Minister has set a task to speed up the transfer of other enterprises.

"These are potential projects for investors, added value, and new jobs. To do this, such objects should be put up for transparent electronic auctions in the future," the Head of Government said.

The Prime Minister stressed that this year the State Property Fund was tasked with continuing small-scale privatisation and launching large-scale privatisation. He also instructed the Ministry of Economy and the SPFU, together with the Ministry of Digital Transformation, to create a single database of state-owned enterprises and their legal owners.