President insists on well thought-out privatization

20:08, 24 April 2008
Ukraine
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Yushchenko held a quarterly press-conference on Thursday

Opening social-economic block of his quarterly press-conference President Victor Yushchenko dwelled on privatization policy, according to the president`s press-office.

He criticized current privatization for being spontaneous and said that 79% on national enterprises have been already privatized leaving the state in possession of critically small amount of facilities crucial for national security.

He also stressed that funds acquired through privatization need to be wisely and effectively used and aimed at development of industry rather than at filling gaps in the budget.

Answering a question of journalists about situation about State Property Fund’s leadership President emphasized that changing the Fund’s head is possible only through appropriate decision of the Parliament. “Other way, including that through decree of executive authority, is a brutal violation of the Constitution and the law”, - he said.

 

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