Minister Petrashko: Strategic state-owned enterprises won’t be subject to privatization

Minister Petrashko: Strategic state-owned enterprises won’t be subject to privatization

Ukrinform
Minister of Economic Development, Trade, and Agriculture of Ukraine Ihor Petrashko has said that the state-owned enterprises, which are strategically important for the country, will not be subject to privatization.

According to Petrashko, Ukraine has about 3,000 state-owned enterprises, the vast majority of which are non-performing assets used only for various schemes and machinations, including corruption. In his opinion, privatization of such enterprises is the only way out of this situation as it will save and increase jobs, ensure payment of taxes and investment inflows.

Petrashko stressed that the state-owned enterprises, which are strategically important for society, energy independence, and defense capabilities of the country, will not be subject to privatization.

"Important companies that perform strategic functions for the state, such as, for example, Energoatom, Ukrzaliznytsia, will not be subject to privatization," the official said, the Ministry’s press service informs.

On August 12, the Cabinet of Ministers adopted a resolution to transfer about 200 state-owned enterprises to the State Property Fund for further privatization. The list of enterprises transferred for privatization included non-core and non-performing assets, the vast majority of which do not carry out production activities and need restoration and investment.

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