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Privatization: News

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Ukraine's prosecution service gets a low-profile boss amid high-profile scandals

Anton Kovalsky, who was appointed as Ukraine's acting prosecutor general on Sept. 17, is taking over a prosecution service mired in scandal and controversy. His predecessor, Ruslan Kravchenko, fled Ukraine on Sept. 14 amid a large-scale investigation by the National Anti-Corruption Bureau (NABU) into an alleged scam call center protection racket run from the Prosecutor General's Office. As a result of the investigation, a top prosecutor, described as a "confidant" of Kravchenko, was charged. P

Anton Kovalsky, Ukraine's acting Prosecutor General, in an undated photo.

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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