Government intends to sell 300 small-scale privatization entities, five large enterprises

Government intends to sell 300 small-scale privatization entities, five large enterprises

Ukrinform
In 2020, the Government of Ukraine plans to sell more than 300 entities within small-scale privatization and five large enterprises.

This is stated in the government's "Economic Strategy: Growth through Investment," the press service of the Ministry of Economic Development, Trade and Agriculture of Ukraine reports.

"The next area of private investment attraction is the privatization of state-owned enterprises and banks. Already this year, the Government plans to sell more than 300 entities within small-scale privatization and five large enterprises through the State Property Fund," the statement reads.

For the latter, the investors are offered tax holiday — a 5-year income tax exemption for investments worth from $10 million. At the same time, an investor should fulfill the investment conditions: to keep the specialization of the enterprises included in the high-tech added value chains.

According to Prime Minister Oleksiy Honcharuk, large and small-scale privatizations should increase the state budget in 2020 by UAH 6 billion each.

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