Skip to content
Edit post

PM: Ukraine to resume large-scale privatization

by The Kyiv Independent news desk March 25, 2023 6:43 PM 1 min read
This audio is created with AI assistance

The Ukrainian government is resuming large-scale privatization, Prime Minister Denys Shmyhal said on March 25.

Shmyhal said the government’s strategy is to minimize the state's economic share while maintaining state control in strategic and security industries.

The State Property Fund is tasked to implement the Organization for Economic Co-operation and Development principles in managing state-owned enterprises.

“We are continuing small-scale privatization and resuming large-scale privatization," Shmyhal said.

"We are transferring most state-owned enterprises to the management of the State Property Fund. We are developing a strategy for managing enterprises confiscated from sanctioned persons.”

In 2022, privatization carried $46 million (Hr 1.7 billion) to Ukraine’s budget, according to the government.

PM Shmyhal: Ukraine plans to join EU within 2 years

News Feed

5:40 PM

NATO member turning pro-Russia? Inside Slovakia’s political turmoil.

Slovakia, a landlocked country on Ukraine’s western border, is undergoing a dramatic political shift under Prime Minister Robert Fico. As Fico meets with Russian dictator Vladimir Putin and cracks down on opposition voices at home, protests are erupting across the country. Tens of thousands of Slovaks have taken to the streets, fearing that their democracy is at risk.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.