PM Shmyhal: Large number of SOEs source of corruption

There are more than 3,000 state-owned enterprises in Ukraine, many of which are a source of constant abuse of office.

That’s according to Prime Minister Denys Shmyhal, Ukrinform reports.

"There are more than 3,000 state-owned enterprises in Ukraine, many of which are a source of constant abuse. Privatization is an important part of the government's anti-corruption strategy, which aims to reduce the role of the state in the economy," said the head of the Cabinet.

In this context, he noted that transparent privatization is underway in Ukraine.

"The State Property Fund sold the Kalush CHPP at a privatization auction for UAH 801 million, which is more than three times over the starting price," Shmyhal reminded.

As Ukrinform reported earlier, the Kalush CHPP was auctioned off on November 30.

Seven companies took part in the auction. The winner was Kostanza LLC, which offered UAH 801 million at a starting price of UAH 230.2 million (excluding VAT).

Kalush CHP, with a design capacity of 200 MW, supplies electricity to the Ukrainian energy market. In addition, the station is part of the "Burshtyn Energy Island", synchronized with the integrated energy system of Europe.

Photo: Government portal