Ukraine's Finance Ministry publishes list of "riskiest" state enterprises

Among other companies, the list includes NJSC Naftogaz of Ukraine and JSC Ukrzaliznytsia railways operator.

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The Ministry of Finance of Ukraine has published on its website a list of 25 state-owned enterprises associated with the greatest fiscal risks.

The list included NJSC Naftogaz of Ukraine, the state-run railways operator JSC Ukrzaliznytsia, and the operator of Ukraine's wholesale electricity market Energorynok, all managed by the Cabinet.

In addition, the list includes the State Food and Grain Corporation of Ukraine (SFGCU), state-run enterprise Energoatom, national energy company Ukrenergo, operator of hydropower plants (HPP) and pumped storage power plants (PSPP) state-run Ukrhydroenergo, state-owned Regional Power Grids as well as eight coal mines: Lysychanskvuhillia, Selydovvuhillia, Lvivvuhillia, Myronohradvuhillia, Pervomaiskvuhillia, Pivdennodonbaska Coal Mine No.1, Toretskvuhillia, and Pivdennodonbaska Coal Mine No.3 named after M.S. Surhai.

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The list also enclosed Ukraine's state-owned postal services provider Ukrposhta, Kyiv's NSC Olimpiyskiy Stadium, State Agency of Ukraine on Exclusion Zone Management, Ukrcosmos, state-run Yuzhny Machine-Building Plant named after Oleksandr Makarov (Yuzhmash, or Pivdenmash), Automobile Roads of Ukraine, state-run gas transmission system operator Ukrtransgaz, SE Gas Turbine Research and Production Complex Zorya-Mashproekt, and SE Antonov, which is Ukraine's major and only manufacturer of transport, passenger and special-purpose aircraft.

As UNIAN reported earlier, in January the Cabinet of Ministers of Ukraine approved a methodology for assessing fiscal risks associated with the activities of economic entities in the public sector of the country's economy. The document provides, inter alia, a list of the fiscal risks, information sources for their analysis, as well as the methodological basis for their assessment. According to officials, this will allow not only to carry out risk assessment, but also to prepare measures to minimize their impact on Ukraine's national budget.

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