KYIV. March 29 (Interfax-Ukraine) – State-run companies potentially could generate around $5 billion of profit a year, Ukraine’s Economic Development and Trade Ministry has said.
“We believe that the potential is near $5 billion of profit a year,” Senior Advisor to Economic Development and Trade Minister Adomas Audickas said at a press conference on Monday.
He said that around 2,000 operating companies are owned by the state. These companies posted around $5 billion of loss in 2014. Their loss in 2015 would be around $700 million.
“This year the companies might report profit,” he said.
He said that large companies were not privatized in 2015. Only 117 facilities (not companies) were privatized. Proceeds from privatization amounted to $6 million.
