In 2024, the State Property Fund of Ukraine plans to put up about 1,000 assets for privatization
At the Six National Forum of SMB “Development of SMB 2023: opportunities, sustainability and recovery” Vitaliy Koval, Chairman of the State Property Fund of Ukraine, presented the 2024 SPFU plan. He emphasized that small and medium-sized business will be main beneficiary of this process.
“We think that small and medium-sized business should be in the center of privatization process. They are stakeholders, which should get the greatest benefit from transformation of state assets that are passive for state budget,” Vitaliy Koval noted.
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According to Vitaliy Koval, in 2024 the Fund plans put up for privatization about a thousand objects that open up new opportunities for business. These assets will be auctioned, ensuring a fair and transparent process.
Besides, Vitaliy Koval outlined today is the time for privatization. Ukraine cannot afford to generate losses during the war. “State assets bring losses, and the number of state enterprises don’t justify the direction of liberalization and market economy that Ukraine has chosen,” added the Chairman of the Fund.
He invited business to cooperate in searching for assets for privatization. “We invite you to become Ambassadors in searching for assets for privatization. Many cities, towns and villages have dormant assets during 10-15 years. We wait your proposals for privatization and do the best that the way to transparent auction will be the shortest,” said Vitaliy Koval.
For reference: On December 13, 2023,the Six National Forum of SMB “Development of SMB 2023: opportunities, sustainability and recovery” was conducted as part of the implementation of the Memorandumbetween the Ukraine Chamber of Commerce and Industryand United Nations Development Programme in Ukraine. The Forum was held with the support of Switzerland and the Project “Strengthening of member business associations of micro, small and medium-sized enterprises in Ukraine”, implemented by UNDP in Ukraine.