Kostiantyn Koshelenko: it is possible to attract 12 billion to the State Budget only if large-scale privatization is unblocked

This statement was made by Kostiantyn Koshelenko, Deputy Chairman of the State Property Fund of Ukraine in an interview with the “Pershyi Zakhidnyi” TV channel.

According to him, the demand on privatization objects is constantly growing despite the coronavirus crisis - revenues from privatization in 2020 are in 5 times higher than in 2019 and in 8 times higher than in 2018.

Such indicators were achieved by the State Property Fund as the result of the introduction of transparent privatization rules and equal access for all participants in privatization auctions.

“We are confident that in 2021 we will be able to successfully ensure revenues to the State Budget from privatization at the level of 12 billion, but only if a large-scale privatization is unblocked”, said Kostiantyn Koshelenko.

In 2020, large-scale privatization was blocked due to the possibility of a negative impact of the coronavirus crisis on investment demand. However, statistics show that the number of participants in online auctions and the starting price for objects is constantly growing, that is to say - investment demand for privatization assets is high.

On February 4, 2021, 284 MP's of Ukraine supported the Government bill on unblocking large-scale privatization in the first reading.

The adoption of this bill in the second reading and in general eliminates the last barrier for attracting of sustainable investment through large-scale privatization into the economy of Ukraine. JSC “United Mining and Chemical Company”, JSC “First Kyiv Machine-Building Plant” (“Bilshovyk” Plant) and “President Hotel” are the first to prepare for large-scale privatization.

More about privatization plans for 2021 at the link: https://bit.ly/2OfE2M6