KYIV. Jan 26 (Interfax-Ukraine) – Economic Development and Trade Minister of Ukraine Aivaras Abromavicius has proposed that all companies that will be privatized are divided into three groups, and the first group consists of around 25 largest companies which privatization could be interesting for transnational companies and other large foreign investors.
“We proposed that everything is divided into three parts: large companies with a potential of the interest of large foreign investors – around 25 companies and focus on them: port infrastructure, energy sector, chemicals and other sectors,” he told reporters on the sidelines of Ukrainian Breakfast in Davos organized by the Victor Pinchuk Foundation on January 22.
He said that the second group would consist of the rest of large Ukrainian enterprises where there are no foreign investors.
“The rest of the companies – mass privatization (around 1,700 facilities) – to sell transparently using the online portal created by the State Property Fund to Ukrainian small and medium enterprises (SMEs),” he said.
The minister said that he believes that the large privatization should be started with the sale of Odesa Port-Side Plant.
He said that the resumption of large privatization is a priority task in 2016.
Finance Minister of Ukraine Natalie Jaresko added that the privatization remains one of the benchmarks of the IMF-supported Extended Fund Facility (EFF).
