REUTERS
Ukraine’s State Property Fund expects to gain UAH 30 billion from privatization in 2016, given the Parliament adopts necessary legislation, that’s according to Ihor Bilous, who addressed Rada today when presenting a number of legislative amendments on involving privatization advisors and abolition of mandatory sale of 5% of shares in state assets.
"If we adopt everything in time, we will earn about UAH 30 billion next year,” said Bilous.
The MP also reminded that the government-submitted legislative initiatives are aimed at protecting the interests of the state, as well as holding transparent tenders for the sale of state assets. "It is assumed to no longer allow participation in privatization of the representatives from the aggressor state, and fully disclose information on participants in the auction, regardless of the stake, which is being sold,” said Bilous. “It is also proposed to eliminate the provision on mandatory sale of 5% -10% of the shares of companies on the stock exchange prior to the competition."
Speaking of attracting advisors and payment for their work, Bilous announced a proposal to attract funds provided by international organizations.
Read alsoYatsenyuk expects privatization of Odesa Port Plant to bring over $1 bln in revenues As UNIAN reported earlier, the Cabinet, along with the State Property Fund, has repeatedly advocated the attraction of advisors for the privatization of the most important state assets as the only way to avoid corruption in tenders. At the same time, the Cabinet agreed that the involvement of advisors would stretch the privatization process in time, and would likely result in the state budget not receiving the targeted UAH 17 billion from the sale of state assets in 2015.
At the same time, the Minister of Economic Development and Trade of Ukraine Aivaras Abromavicius said that large-scale privatization in Ukraine will be postponed until 2016 and it would be “too optimistic” to expect for it to launch on 2015. According to him, the largest state-owned companies included in the privatization list, must be sold to foreign strategic investors.