The government’s main strategy remains to minimize the state’s share in the economy while maintaining state control in sectors that are strategic and important for Ukraine’s security, Prime Minister Denis Shmygal said at a meeting with First Deputy Prime Minister – Economy Minister Yulia Sviridenko and Head of the State Property Fund Rustem Umerov.
“There are many plans for this year. We continue small-scale privatization and resume large-scale privatization. We are transferring the majority of state enterprises to the management of the State Property Fund. We are developing a strategy for the management of enterprises confiscated from sub-sanctioned persons,” said Shmygal, as the press service of the government reports.
Also, according to Prime Minister, the State Property Fund has been instructed to introduce the OECD principles in the management of state-owned enterprises.
Last year privatization brought 1.7 billion UAH to the state budget. After the change of management, the economic effect of the IGF’s work amounted to more than 5bn hryvnias.
