GOVERNMENT READY TO RESUME PRIVATIZATION - POROSHENKO

Business news from the Ukrainian League of Industrialists and Entrepreneurs

GOVERNMENT READY TO RESUME PRIVATIZATION – POROSHENKO

10 Nov , 2017  

KYIV. Nov 9 (Interfax-Ukraine) – President of Ukraine Petro Poroshenko has said that the Ukrainian government is ready to resume privatization, and judicial reform should complete the system of fighting corruption.
While congratulating McKinsey & Company on the 15th anniversary of its activity in Ukraine, the president outlined the nearest priorities for continuing reforms in Ukraine, the presidential press-service reported on Thursday.
“He said the judicial reform should complete the entire system of struggle against corruption. According to him, the pension reform has introduced a completely new system that will allow people to receive a fair pension at all times,” the message reads.
The president also stressed the importance of the medical reform that will, inter alia, improve the quality of medical services in rural areas.
“He also said that the government was ready to resume privatization,” the press service reported.
Poroshenko also noted that business structures recognize the efforts of the Ukrainian authorities to implement reforms. According to him, recent survey done by Institutional Investor by asking the managers of investment companies showed that Ukraine is first in the list for travel in the next 12 months for current and potential investors.
Moreover, Moody’s international rating agency is upgrading their rating outlook on Ukraine from stable to positive, citing “Ukraine’s achievements implementing structural reforms.”
Earlier on this day the Verkhovna Rada of Ukraine adopted at first reading the government bill on privatization of public property (No. 7066) – a new wording of the law on privatization, which facilitates the sale of hard-to-sell facilities, describes the conditions for attracting privatization consultants and is one of the prerequisites for continuing cooperation with the IMF.