"Investments are a key factor of rebuilding and restoring the Ukrainian economy", – Chairman of the Fund at the meeting with G7 and EU Ambassadors

Chairman of the State Property Fund of Ukraine Rustem Umerov had a meeting with G7 and EU Ambassadors.

The SPFU Chairman expressedhis gratitude to the partners for their support and outlined the team's achievements over the past six months. The economic effect of small-scale privatization amounted to 3.7 billion (UAH). The SPFU also turned 77 enterprises into profit, changed inefficient management at 90 enterprises, and paid off the wage arrears of 6,000 employees.

Rustem Umerov shared the Fund's plans to introduce international corporate governance standards (OECD/G20 Principles), launch production facilities and new industries, and resume the Big Privatization. 

The Chairman of the SPFU also askedforeign partners to attract businesses to invest in Ukraine. "Investments are a key component of rebuilding and restoring the Ukrainian economy," Rustem Umerov mentioned.

The parties specifically discussed the transfer of the russian property management to the State Property Fund. Given the experience of confiscated assets, the SPFU has already demonstrated its readiness and ability to sell sanctioned assets in favor of Ukraine.