Yuliya Byelova: Unblocking large-scale privatization is a necessary condition for successful economic recovery of Ukraine

On January 22, 2021, the Deputy Head of the State Property Fund of Ukraine Yuliya Byelova, who coordinates legislative activities in the Fund, participated in a live on the Fund’s Facebook page.

The Fund’s legislative initiatives are effective tools in the process of stabilizing the Ukrainian economy that helps to unify and simplify bureaucratic procedures as much as possible, make them transparent, understandable and easy to perform.

The Deputy Head of the Fund paid attention to an important bill approved and submitted to the Verkhovna Rada by the Cabinet of Ministers of Ukraine – “On Amendments to Section V “Final and Transitional Provisions” of the Law of Ukraine “On Privatization of State and Communal Property”. If this bill is adopted, it will remove restrictions on conducting privatization auctions for large-scale privatization objects.

“The Budget of Ukraine needs resources to fight the pandemic, maintain economic stability and rapid recovery of business activity after restrictive measures. It should be noted that Ukraine's strategic course on privatization and investment in the Ukrainian economy stays constant. Therefore, the unblocking of large-scale privatization by the Parliament as soon as possible will allow the Fund successfully implement the state budget revenue plan. Yuliya Byelova emphasized:“This process will be a confirmation of Ukraine's chosen course for free privatization, wrotein the Memorandum with the International Monetary Fund”.