Business news from Ukraine

Business news from Ukraine

State Property Fund (SPF) Puts Drohobych Salt Plant Up for Privatization for Second Time

24 August , 2026  

The State Property Fund (SPF) of Ukraine has announced the privatization of the state-owned enterprise “Drohobych Salt Plant” for the second time, according to a Facebook post by the company’s director, Oleg Petrenko.

“The State Property Fund is announcing the privatization of our enterprise for the second time. As the head of the enterprise, I support privatization—it can bring new investments and growth to the enterprise. The main thing is that this process be conducted consistently and transparently, without backroom deals or haste that could be manipulated to serve someone’s interests,” he noted.

The company’s director noted that the Drohobych Salt Works is a profitable enterprise that has been operating for over 600 years, preserving the traditional method of salt boiling, and is one of the few such facilities in Europe.
“Drohobych salt has a future. And we believe that we can build that future without losing what we have already achieved,” Petrenko concluded.

The state-owned enterprise “Drohobych Saltworks” has been in operation since the 14th century and is one of the oldest continuously operating salt production facilities in Europe. The enterprise extracts natural brine and produces table salt using traditional technology. In 2024, the plant produced and sold 678.3 metric tons of salt.
According to Opendatabot, in 2025, the revenue of the Drohobych Salt Works State Enterprise grew by 40.3%—to 34.4 million UAH—and its net profit increased by 33.8%, to 849,200 UAH.

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