Business news from Ukraine

UKRSPYRT TO BE PRIVATIZED VIA SELLING SEPARATE PROPERTY OF ENTERPRISES

The strategy for the privatization of state-owned enterprise (SOE) Ukrspyrt envisages the transfer of property of the SOE as a pool of fixed assets of industrial sites to the State Property Fund of Ukraine (SPF) before June 1, 2020.
According to the presentation of Ukrspyrt, the necessary conditions for privatization are the completion of the registration of property of state-owned distilleries.
Now out of 41 Ukrspyrt’s industrial sites, 18 have all the property registered, another 18 have partially registered property, and five have been seized.
The main advantage of this privatization option for Ukrspyrt is the ability to transfer facilities for privatization before June 1, 2020.

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POSSIBILITY OF SELLING UKRAINIAN LAND TO FOREIGNERS SHOULD BE DECIDED AT REFERENDUM – PRIME MINISTER OF UKRAINE

Prime Minister of Ukraine Denys Shmyhal believes that the possibility of selling land to foreigners or foreign companies should be decided exclusively at an all-Ukrainian referendum.
“The possibility of selling land to foreigners or foreign companies should be decided exclusively and solely at an all-Ukrainian referendum,” Shmyhal said on air of The Right to Power program on the 1+1 television channel on Thursday evening.
At the same time, the prime minister emphasized that Ukrainians should have the right and opportunity to dispose of their land. “As for the issue of the possibility of selling state land, this is a matter of discussion in parliament,” the prime minister said.

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