REUTERS
Small-scale privatization is ongoing very fast, Markarova said.
Ukrainian First Deputy Finance Minister Oksana Markarova says Ukraine's budget revenue plan from the sale of state-owned property in 2018 may be not fulfilled, however, it is important to conduct several operations to attract a wider range of investors.
"Will we get all the UAH 21.5 billion [about US$826.9 million at the current forex rate] stipulated in the budget as revenue from privatization? I don't think so. This figure has a certain degree of risk," Markarova said during debates at the Kyiv School of Economics on June 1.
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At the same time, she noted that the main goal is to carry out two or three successful sales that will show potential buyers that the process is transparent and competitive, which will increase the number of interested investors.
According to the official, small-scale privatization is ongoing very fast. "These are small figures for the budget, but they show an improvement in efficiency," she added.
As UNIAN reported earlier, Ukraine's Cabinet of Ministers in late May published an order, approving the list of state-run enterprises that are subject to sale in 2018. The list included 23 facilities of large-scale privatization, although about 26 enterprises had been mentioned earlier.
The Verkhovna Rada of Ukraine passed a bill on privatization of state property on January 18, 2018. Ukrainian President Petro Poroshenko enacted it into law in early March. The main objective of the document is to facilitate the privatization process by simplifying the classification of facilities to be offered for sale, splitting them into small- and large-sized facilities subject to privatization.
Small-scale privatization refers to real estate objects and small enterprises, while the group of large privatization objects includes facilities whose assets exceed UAH 250 million (US$9.5 million) in value.
International advisers will be involved in large-scale privatization, while small-scale privatization will be carried out via electronic trading.
Head of the State Property Fund (SPF) of Ukraine Vitaliy Trubarov expects that large-scale privatization will be launched in October.
Ukraine's national budget for 2018 provides for UAH 21.3 billion ($815.9 million) in privatization proceeds.