Vitaliy Koval has set strategic tasks for the regional offices of the State Property Fund for the year 2024

Vitaliy Koval, the Chairman of the State Property Fund of Ukraine, held an extended meeting with the leaders of regional offices of the SPFU. The discussion covered the results of the regional offices' work in 2023, the status of current plans' implementation, and were set tasks for scaling activities.

As noted by Vitaliy Koval, the results of this year's privatization auctions show positive outcomes for the Fund. As of January 25, 25 successful privatization auctions were held, totaling nearly UAH 415 million. On average, each auction had 7.4 participants, and the value of assets increased 13 times. "We are carrying out an important mission for the country – filling the budget and creating conditions for investment," emphasized the Chairman of the SPFU.

One of the strategic directions of small privatization is the denationalization of the alcohol industry. Vitaliy Koval tasked the regional offices of the State Property Fund with completing this process in 2024. "Private owners who will operate legally and pay taxes should take these state assets," he emphasized.

The Chairman of the Fund also emphasized the need to intensify the search for unused or non-profile state-owned objects or assets that can be privatized or leased.

"State property today is an internal reserve for replenishing the budget of a country during wartime. Our Defense Forces need these funds. And Ukraine's economy requires the reboot of objects that have long been the state's "passive" as well as the creation of new jobs and tax payments from successful businesses," Vitaliy Koval emphasized.

It's worth noting that in 2024, the SPFU plans to contribute UAH 4 billion to the state budget from privatization and UAH 800 million from the lease of state property.