Privatization: News

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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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Major General Mykhailo Drapatyi marked 100 days as commander-in-chief of the Ukrainian Armed Forces in late October, as Ukraine regains ground in the northern part of Donetsk Oblast and seeks to improve defensive positions before winter. Drapatyi, one of Ukraine's most popular generals, was appointed in July with high expectations that he would deliver much-needed reforms to the armed forces. His promotion to commander-in-chief came after President Volodymyr Zelensky dismissed his unpopular pr

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