No discussion about privatization of Ukroboronprom's strategic enterprises - Abromavicius

No discussion about privatization of Ukroboronprom's strategic enterprises - Abromavicius

The privatization of strategically important enterprises of the Ukroboronprom State Concern is not currently being discussed with the State Property Fund, Ukroboronprom Director General Aivaras Abromavicius has said in an interview with Ukrinform.

"To reassure people, I can firmly say that at this stage there was no conversation with the State Property Fund about the transfer of strategically important enterprises that are part of Ukroboronprom. As for the transfer of assets from Ukroboronprom to the State Property Fund, we are talking only about those enterprises that are not strategically important, that are not engaged in military and industrial production. We are talking about inactive enterprises," Abromavicius said.

He specified that the concern's supervisory board forms a list of enterprises not currently needed by the concern and submits it for approval by the government.

At the same time, Abromavicius noted that if the privatization process justifies itself and demonstrates effectiveness, transparency, and productivity, then the state's leadership will determine the feasibility of the privatization of strategic enterprises.

"Then it is not the State Property Fund, not Ukroboronprom's management, but the NSDC, the Office of the President, a parliamentary committee, the Cabinet of Ministers together must determine whether it makes sense to sell any other enterprises, perhaps even of strategic importance, in order to attract a Western strategic investor in them. After all, we do not have enough funds," Abromavicius said, adding that such a question is not raised now.


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2022 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period: