Business news from Ukraine


26 August , 2021  

The adoption of a law simplifying the procedure for privatization and lease of state property will be a signal for investors, including international ones, Deputy Head of the Parliamentary Committee on Economic Development Roksolana Pidlasa (Servant of the People faction) said.
“This bill [No. 4572] will become a green light for investors, including international ones. And it will also contribute to the development of regions, because after its adoption, the budgets of communities will receive funds not only from the privatization of municipal enterprises, but also 10% of the funds received from the sale of state assets,” Pidlasa told Interfax-Ukraine.
She recalled that the Verkhovna Rada has already adopted the bill at the first reading and currently the Committee on Economic Development is preparing it for the second reading.
The MP stressed that “it is privatization that gives people the opportunity not to go strawberry-picking in Poland, but to have a decent job in Ukraine, in their community.” “Hundreds of enterprises and production sites that have been abandoned and forgotten for decades and would hardly ever resume work are bought by private investors and they turn them into modern enterprises where Ukrainians are working now,” Pidlasa said.
The MP recalled that over the past year and a half, the State Property Fund returned ten key assets under state control, including the United Mining and Chemical Company, PJSC Centrenergo and JSC Odesa Port-Side Plant.
As reported, the Verkhovna Rada on July 15 adopted at the first reading bill No. 4572 on amendments to the law on the State Property Fund of Ukraine and other legislative acts promoting investment attraction in the process of privatization and lease of state and municipal property.

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