PM Groysman: Only 32% of Ukrainian state-owned enterprises are efficient

11.04.2017 12:56 310

Only 51% of Ukrainian state-owned enterprises operate now, while only 32% are efficient and profitable.

Ukrainian Prime Minister Volodymyr Groysman announced this at a press conference on the results of the government activity for the past year, an Ukrinform correspondent reports.

"There are 3,500 state-owned enterprises now in Ukraine, not taking into account the public utility companies. Fifty-one percent of these companies really work, while I cannot say for sure what is going on with the rest forty-nine percent. It's simply impossible to manage such a large number of enterprises," Groysman said.

According to him, Ukraine lost UAH 82 billion due to ineffective management and corruption at the state-owned enterprises for ten years.

"Thirty-two percent of state enterprises are profitable, while seventy percent are inefficient. We have no other option than to sell them to an effective owner," Groysman added.


Extended searchHide extended search
By period: