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Privatization: News

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Russia's war reaches Bulgaria's shores, putting Radev's Moscow-friendly stance to the test

The balancing act of Bulgaria's Moscow-friendly leader stands on shaky ground. Since taking office in May, Bulgarian Prime Minister Rumen Radev has taken a harsh line on Ukraine while adopting steps his critics say are accommodating to Moscow. Radev's course has now come under scrutiny as Bulgaria, a southeastern NATO member state, feels first-hand the spillover of Russia's war against Ukraine. Four merchant vessels were hit by drones near Bulgaria's Black Sea coast in October. Two of the ves

Ukraine war latest: Drone attack sparks fire at industrial facility in Russia's Surgut district

Key developments on Oct. 16: * Drone attack sparks fire at industrial facility in Russia's Surgut district, governor says * Pope Leo urges Putin to allow humanitarian aid, evacuations from Russian-occupied Oleshky * Ukrainian military strikes million-dollar Russian radar in Krasnodar Krai, General Staff claim * Zelensky's ask: 300 Patriot missiles, 70 billion euros, and Russian assets * Emergency blackouts in Kyiv, as Klitschko announces start of heating season A fire broke out at an indu

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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