GOVT TO PRIVATIZE CENTRENERGO, AGRARIAN FUND, ODESA OIL REFINERY, UKRGASBANK, ODESA PORT-SIDE PLANT, TURBOATOM, UKRSPYRT - PM

Business news from Ukraine

GOVT TO PRIVATIZE CENTRENERGO, AGRARIAN FUND, ODESA OIL REFINERY, UKRGASBANK, ODESA PORT-SIDE PLANT, TURBOATOM, UKRSPYRT – PM

13 Sep , 2017  

KYIV. Sept 13 (Interfax-Ukraine) – The Cabinet of Ministers of Ukraine intends to privatize public joint-stock company Centrenergo (in spring 2018), public joint-stock company United Mining and Chemical Company, public joint-stock company Agrarian Fund, public joint-stock company Odesa Oil Refinery, public joint-stock company Odesa Port-Side Plant, public joint-stock company Ukrgasbank, state-owned enterprise (SOE) Ukrspyrt and other enterprises, Ukrainian Prime Minister Volodymyr Groysman has said.
“We are interested in having investors – high quality, competitive, with new technologies and new governance quality. The new bill [it was presented at a meeting of the National Reforms Council on Tuesday] creates equal rules for attracting investors. People at enterprises are waiting for new labor conditions and new technologies,” he said at a meeting of the National Reforms Council, the press service of the Cabinet of Ministers reported.
The prime minister said that no more than 100 companies should remain strategic and state-owned in Ukraine. They could be modernized, corporatized and transferred to new management standards aimed at boosting their profits. The rest of over 3,000 facilities should be divided into facilities for concession or privatization.
“We offer large enterprises and companies operating in the unregulated sectors. State-owned company Centrenergo in spring 2018 is among them, as well as United Mining and Chemical Company, State Food-Grain Corporation, Agrarian Fund, Odesa Oil Refinery that was returned to the state, Odesa Port-Side Plant, Ukrgasbank, Turboatom, Ukrspyrt and other enterprises,” he said.