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Privatization: News

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Two trains collide in Lviv, injuring 8

The railway operator initially reported that the passenger train's driver suffered a leg injury and four passengers required medical attention. The crew of the electric locomotive was unharmed.

About Privatization

Ukraine's privatization program aims to transfer state-owned enterprises to private ownership to improve the economy's competitiveness. Ukraine’s State Property Fund manages auctions for state assets ranging from small businesses to large industrial facilities, with proceeds designated for defense and reconstruction needs. Ukraine suspended privatization of strategic enterprises in March 2022 following Russia's full-scale invasion, but resumed limited sales of non-critical assets in 2023.

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