Fund exceeded the rental income plan by 45% in 2018

The State Budget received first UAH 5 million from lease of state property. In 2019 we should be fulfill the annual plan of UAH 1.2 billion. It’s real considering that last year the Fund exceeded the rental income plan by 45% and transferred nearly UAH 1.5 billion. This was announced by Vitalii Trubarov, Chairman of the Fund, on his Facebook page.

“I repeat that a lease ofstate property can bring much more profits, but for this purpose it is necessary to adopt a new lease law developed by the Fund”, noted Vitalii Trubarov.

He added “it is necessary to legally oblige balance-holders to transfer to the Fund a property for lease that is not in use or used for other purposes.

For managers of state-owned enterprises that illegally lease premises need toughening responsibility.”

Vitalii Trubarov noted “new law three times reduces the lease registration process - from 143 to 43 days. All lease offers will propose by means an e-auction, minimum of permissions and requests, introduce a guarantee fee which don’t pay back and don’t give a possibility for frustrate an auction by the dishonest bidders, because it will be expensive for them.

It establishes a complete prohibition of leasing by legal and individuals associated with the aggressor country-the Russian Federation.

The law will allow reacting effectively to changes in the rental market, so that state property is competitive and not lagging behind the private.”

“The Fund has sent the law bill to the Cabinet of Ministers of Ukraine with proposals from ministries and I’m hoping for his prompt consideration and following transfer to the Parliament”, said a Chairman of the Fund.