• Українською
  • Government is planning privatization to ensure its topmost efficiency, says Denys Shmyhal
    Communications Department of the Secretariat of the CMU, posted 12 June 2020 08:05

    Privatization of state-owned enterprises is among the priorities that should give impetus to the development of the Ukrainian economy facing a slowdown as a result of the coronavirus epidemic.

    Prime Minister Denys Shmyhal stated at a press conference on the outcomes of the 100-days’ work of the incumbent Cabinet of Ministers.

    According to him, privatization should be revived by small and medium-sized businesses, but so far we are talking only about small-scale privatization. "Today we have almost 4,000 state-owned enterprises in Ukraine with various levels of efficiency... There are half-destroyed, half-bankrupt with debts. And such inefficient small and medium-sized enterprises must be the first for privatization aimed to give people the opportunity to bring order there, earn money there, pay taxes, create new jobs," said the Head of Government.

    According to him, such a strategy is being actively worked out with the State Property Fund, and this year about 300 small and medium-sized enterprises are being prepared for privatization.

    "As for large enterprises that can be privatized, we understand that under current developments it is irrelevant to talk about their sale - in the current conditions we will fail to ensure the market price," concluded Denys Shmyhal.

    Government is planning privatization to ensure its topmost efficiency, says Denys Shmyhal