Dmytro Sennychenko: For these 2 years the team of the State Property Fund has done what it has not been possible to do for decades so far
On November 18, 2021, the Chairman of the State Property Fund of Ukraine Dmytro Sennychenko spoke about the results of the institution's work in the framework of the official press conference “On the results of the SPFU during 2020 – 2021”.
During the press conference, Dmytro Sennychenko spoke about the results of the State Property Fund's work in all areas of activity: privatization, leasing, corporate governance and the regulation of valuation activities.
Thus, in 2020-2021, 3,700 online privatization auctions were held, in which the growth in the value of assets was 107% against 21% in 2019.
“But the most important indicator is the growth in the number of auction participants, which currently averages 4.8 participants, previously 2.2. This is a direct proof of trust in privatization through the full disclosure of all available information,” Dmytro Sennychenko said.
During 2020-2021, almost 4,000 successful lease auctions took place. From the beginning of 2021, as of today, the Fund has provided the State Budget with revenues from the lease of state property in the amount of over UAH 1.45 billion.
“The key thing is that in two years the team of the State Property Fund has implemented the main goal of the reform of the lease of public assets - the introduction of real market mechanisms for the lease of state real estate,” said the Chairman of the State Property Fund.
Dmytro Sennychenko also spoke about the support of small and medium-sized tenants during the corona crisis. Such tenants received discounts on rent totalling about UAH 160 million.
In 2020, the SPFU began a reform of valuation activities, the main components of which are the elimination of sites that acted as intermediaries in submitting valuation reports to the Unified database of valuation reports, the introduction of a free service of automatic real estate valuation, elimination of fractional valuation practices and implementation international standards of valuation in Ukraine.
“Thanks to the liquidation of intermediary sites, the citizens of Ukraine have saved more than UAH 1.7 billion. Also, since the launch of the Service of Real Estate Automatic Valuation at the end of June this year, citizens have saved UAH 50 million,” Dmytro Sennychenko said.
The Chairman of the State Property Fund also spoke about important reforms in the field of corporate governance of state assets, which allowed significantly increasing the amount of dividends, was paid to the state, and reduced losses.
“In 2021, companies managed by the State Property Fund paid UAH 800 million in dividends to the budget, which is almost three times more than in the previous year. According to the results of 2020 tax revenues have also increased - the companies paid UAH 8.4 billion, which is almost UAH 1 billion more in taxes than in 2019,” Dmytro Sennychenko stressed.
Dmytro Sennychenko also focused on the comprehensive bill developed by the State Property Fund together with the deputies of the Verkhovna Rada to promote investment attraction. It has already been supported by the Verkhovna Rada in the first reading, and it is being prepared for consideration in the second.
“No real reform is supported immediately, but the results will be clear in a few years. In just 2 years, we have done what no have been done for decades. The history will decide that is much or little. All you have to do is keep working and not slow down. Privatization is continuing!” summed up Chairman of the State Property Fund Dmytro Sennychenko.