The government’s committee for economic, financial and legal policy has approved of a list of enterprises to be privatized in 2016-2017, among them are Turboatom, Electrotyazhmash, the United Mining and Chemical Company, the State Food and Grain Corporation, and a state stake in Zaporozhye Titanium and Magnesium Combine LLC.
A respective draft resolution was approved of by the committee headed by the First Deputy Prime Minister and Minister for Economic Development and Trade Stepan Kubiv at a meeting on Tuesday to amend the list of the enterprises to be put up for sale in 2016-2017, the First Deputy Economic Development and Trade Minister Yuliya Kovaliv wrote on Facebook.
“The full list of the companies due to be privatized in 2016-2017 will have 330 names”, she wrote.
She explained that the previous version of Cabinet resolution No. 271 on the list of enterprises to be privatized, which incorporated 306 companies, had to be amended: 102 companies that had already been privatized or were undergoing the liquidation procedure, or were located in the Anti-Terrorist Operation zone should have been deleted, and new 126 companies should have been added.
“We expect the government’s approval of the amended list. We do not give up an idea of a large-scale and transparent privatization”, she said.
As reported, privatization proceeds to the state budget in 2016 are planned at 17 billion UAH, while a mere 42 million UAH was transferred to the budget in the first half of 2016.
A tender to sell Odessa Port-Side Chemical Plant for a starting price of 13.175 billion UAH failed in July, but the State Property Fund of Ukraine expects to fulfill the plan before the end of this year due to a repeat tender to sell the plant and controlling stakes in six regional energy supplying companies.
The draft national budget for 2017 also provides about 17 billion UAH in privatization receipts. (Interfax/Business World Magazine)