Business news from Ukraine


19 June , 2015  

WARSAW. June 19 (Interfax-Ukraine) – The privatization of state objects in Ukraine should start with the sale of the largest enterprises, President of the Warsaw Stock Exchange (WSE) Board Pawel Tamborski, who is a member of the supervisory council for the reform of state enterprises under the Ministry of Economic Development and Trade of Ukraine, has said.

“We [the supervisory council] have just started work: under the leadership of Odesa Region Governor Mikheil Saakashvili we gathered a professional team, consisting of representatives of the European Bank for Reconstruction and Development (EBRD), the World Bank, as well as experts from Ukraine, having international experience. The council in terms of its structure consists of several departments and I was involved in the division responsible for privatization. Speaking about the privatization process, we encourage our colleagues in Ukraine first to enter the market with relatively large transactions, which to some extent reflect the state of the county’s economy. This is what helps to attract international investors and expand their presence in Ukraine, which in the future might serve as a foundation for the development of the domestic stock market,” he said while speaking at Warsaw Capital Market Summit 2015 in Warsaw.

According to him, relevant transactions could be carried out not only through the capital market, but also by special procedures – through sales to a strategic investor or merger and acquisition procedures (M&A).