State Property Fund of Ukraine and the Tony Blair Institute for Global Change have agreed on cooperation

Kyiv, November 30, 2023, Today, Vitaliy Koval, Chairman of the State Property Fund of Ukraine, met with Nicolas Dunais, Regional Director South and Eastern Europe, Tony Blair Institute for Global Change. Key points of the meeting were the discussion of the potential investments in Ukraine and the determination of directions of cooperation between the Fund and TBI.

The parties agreed to begin strategic cooperation and develop joint projects and measures to promote privatization and effective management of state property in Ukraine, as well as attract investors and partners. The Fund is ready to cooperate with foreign investors, as successful privatization cases can help draw attention to the Ukrainian economy.

At the meeting, Vitaliy Koval presented to Nicolas Dunais investment opportunities that open in Ukraine due to the privatization process of state property: ‘The Government hasa high political will todecline state sector of the economy and liberalize markets. Our main objective is to make the privatization process quick and irreversible. All non-strategic assets will be transferred to the market.’

Nicolas Dunais expressed interest in cooperating with and supporting of government initiatives. TBI helps governments implement their development strategies, providing analysis and practical recommendation to attraction international investors.

The Chairman of the Fund shared details about investment opportunities available for potential investors. Currently, the process of small privatization is actively underway, and in the near future, we plan to start the process of privatization of large objects with a starting price of UAH 250 million.

The State Property Fund acts as the largest owner of brownfield assets, representing inactive or abandoned enterprises with already connected communications, which it actively includes in the privatization process. During 2024, the Fund plans to put up for privatization such assets as Odesa Portside Plant, Centrenergo, United Mining and Chemical Company and Sumykhimprom.

In addition, in 2024, we are going to start auctions for the lease of agricultural plots owned by the state. ‘The market for land leasing must be open, and the process for leasing should be transparent to ensure fairness and clarity. Today is the time to search for the internal reserves of the state,’ Chairman of the Stete Property Fund noted.

Vitaliy Koval emphazed that the Fund is open for determined investors. We are confident that this time is favorable to invest in Ukraine. There is a high production margin compared to other European countries. After successful privatization, asset prices are expected to rise, resulting in additional funds to the state budget from taxes and new businesses.Today, every hryvnia works for the Victory.