A New Phase in Dialogue with the Business Community: The State Property Fund Presents Its Work Priorities

Dmytro Natalukha, Chairman of the State Property Fund, and his team held a working meeting with representatives of the European Business Association (EBA). 

During the dialogue, the Fund’s team presented a comprehensive vision for reforming the management of state assets and outlined the institution’s key areas of focus: continuing large-scale privatization and preparing for the sale of sanctioned assets. In particular, the discussion focused on large assets being prepared for privatization, such as the Odesa Port Plant, the Mykolaiv Alumina Plant, the Demuryn Mining and Processing Plant, and the Ocean Plaza shopping mall. 

Special attention was given to the “Land Bank” project, which involves transferring state-owned agricultural land into transparent subleases. This creates a level playing field for business and minimizes corruption risks. The goal for the future is to scale up this project.

Among the topics discussed at the meeting was the sale of sanctioned assets, with particular emphasis placed on the need to simplify the privatization procedure for such properties. “The confiscation of assets belonging to representatives of the aggressor country is not merely a legal mechanism. It is a matter of restoring justice and holding the aggressor accountable for the damages inflicted on Ukraine. That is why the proceeds from the sale of such assets are directed to the Fund for the Elimination of the Consequences of Armed Aggression and are intended to support the reconstruction of our economy,” emphasized Dmytro Natalukha.

Following the meeting, the parties agreed to maintain information exchange and continue the dialogue through further working meetings. Such cooperation will allow for better consideration of the business community’s position and the joint development of solutions to improve the investment environment.

The State Property Fund continues to open up state assets to effective investors and to establish transparent rules for cooperation between the state and the business community.