Government transfers 435 state-owned objects for privatization

Government transfers 435 state-owned objects for privatization

The Cabinet of Ministers has approved a decision to transfer 435 state-owned objects for privatization, including four large enterprises, according to the Government portal.

"The government has transferred a record 431 state-owned objects for privatization to the State Property Fund for further privatization. In total, the government has already transferred 961 objects over the past six months, which is ten times higher than in 10 years before," reads the statement.

Prime Minister Oleksiy Honcharuk stated that from 2008 to 2018, only 93 objects were transferred for privatization: "The enterprises, which generated problems and losses for years, will get new efficient owners, new jobs".

In addition, the government transferred for large-scale privatization four large state-owned companies: the Bilshovyk plant (JSC First Kyiv Machine-building Plant), JSC State Food and Grain Corporation, SJSC Khlib of Ukraine, and SE Artemsil of Ukraine. Enterprises will be restructured and prepared for transparent auctions with the involvement of a private investor.


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