The SPFU, together with UkrInvestClub, start cooperation to debunk the most common myths about privatization

The State Property Fund, together with UkrInvestClub, start cooperation, the purpose of which is to popularize the purchase of small privatization objects. The task of the project is to tell in an accessible language about the possibilities of privatization and lease of state property for every Ukrainian and to debunk the most common stereotypes about the "sale" of state property. There are plans to hold meetings and to publish materials on the specified issues.

"The SPFU team aim is that all privatization and lease processes work as transparently and clearly as possible for both Ukrainian and foreign investors. The economy must work. There is no sense for the state to sit on a bunch of scrap of "former industrial flagships", which were monopolists during the USSR, and became debtors of billions during the years of Independence. If a business wants to buy such an asset this is only a plus. The state will receive a profit first from the sale, and then also through the repayment of debts, payment of taxes and creation of new jobs. The state should support business, not interfere with it," said First Deputy Chairman of the SPFU Denys Shuhalii.

"For many years Ukrainian society has been debating whether it is appropriate to keep a huge number of enterprises of various branches in state ownership, most of which have already lost their market attractiveness over the 30 years of Ukraine's independence. On the other hand, such property can be interesting for Ukrainian business, which has already formed a certain amount of capital and is ready to invest it even though there is a war in the country. Therefore, we decided to deal with the issues of privatization and lease in more detail and turned to the specialists of the State Property Fund for an expert opinion. Our goal is to explain to businesses the "rules of the game" in this market, to show the availability of investing and successful cases," said Oleksandr Tykhomyrov, co-founder of UkrInvestClub.

The state represented by the Fund can offer businesses attractive conditions. Objects of small privatization are now put up for auction with a starting price equal to their book value. And this is also a plus — such an attractive price motivates a larger number of participants to participate in auctions, and during the auction the price increases several times, and sometimes tens of times. Competition generates demand and the state budget receives funds, that today are used to support the Defense Forces and after the war to restore the economy.

"We offer alternatives to bank deposits and keeping money under the mattress and are ready to tell all Ukrainians about it. For example, about the fact that the State Property Fund is the largest landlord in the country. Today, many businesses have had to relocate to new places, so renting state-owned real estate to restore the operation of large warehouses or small coffee shops is a real opportunity to survive and jointly restore the economy of Ukraine," Denys Shuhalii emphasizes.