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The State Property Fund of Ukraine plans to attract over UAH 4 billion from privatization in 2024

These ambitious goals were set by Vitaliy Koval, the Chairman of the State Property Fund of Ukraine, for the employees. He met with the heads of the Regional Offices of the Fund to discuss plans for the next year.

In the state budget for 2024, UAH 4 billion of revenues from privatization are expected. To meet these obligations, the State Property Fund is working on increasing the rates of privatization, aiming to conduct around a thousand privatization auctions next year.

The State Property Fund already has 691 assets with a total balance value of UAH 4.7 billion, providing conditions for achieving the plan to attract funds from privatization. The expected coefficient of asset price growth is 1.7 times, corresponding to this year's indicator.

Vitaliy Koval, the Chairman of the State Property Fund of Ukraine, also listened to reports from the heads of Regional Offices on the results of implementing leases and privatization plans at the local level. In addition, he outlined the main directions of the Fund’s work for the next year:

  • Opening a transparent market for leasing agricultural land;
  • Implementation of state sanctions policy through the sale of aggressor assets and its residents at auctions to compensate for losses incurred by war.

"It is important to see each object as a potential growth point. Through the economic decentralization and privatization, we open the market to investors. New businesses emerge in the place of inactive enterprises, creating jobs and paying taxes", emphasized Vitaliy Koval.

This year, the State Property Fund has already provided revenues to the state budget amounting to UAH 3.5 billion, achieved record figures in small privatization, and successfully implemented the plan for leasing state property.

 

Privatization