Business news from Ukraine

STATE PROPERTY FUND ESTIMATES POTENTIAL REVENUES FROM SMALL-SCALE PRIVATIZATION AT UAH 1.5-1.7 BLN

The State Property Fund of Ukraine (SPF) estimates the potential amount of proceeds from small-scale privatization at UAH 1.5-1.7 billion, Acting Head of the SPF Vitaliy Trubarov has said. “Maksym Nefyodov Deputy Minister of Economic Development and Trade expects that we will receive UAH 3 billion from small privatization. According to our modest estimates, the amount may not be so optimistic, it will be UAH 1.5-1.7 billion,” he said on the air of Channel Five.
At the same time, he noted that there are fears of failure to implement the plan for large-scale privatization this year. “Is there a chance that we will not fulfill the planned task? Yes, unfortunately, there is such a chance, because we lost half a year due to the fact that privatization of some of the objects could not start on time, and some of the objects fell out of the list,” Trubarov said.
In particular, he noted that the list of large-scale privatization for 2018 does not contain a number of large agrarian objects. “For example, the Agrarian Fund or the State Food and Grain Corporation of Ukraine. They perform a certain role related to food security, which now does not allow putting these objects up for sale. At the request of the ministry of Agrarian Policy and Food, these objects have been removed from this list for the time being and transferred to 2019,” he said.

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