Dmytro Sennychenko: The State Property Fund guarantees equal rules for all participants of privatization auctions

On November 10, 2020, the Head of the State Property Fund of Ukraine Dmytro Sennychenko took part in an online conference with representatives from Ukrainian and Canadian business and diplomacy.

During the conference Dmytro Sennychenko told about main activities of the Fund and investment opportunities for business development in Ukraine.

“The State Property Fund guarantees equal conditions for participation at auctions for all investors, different kinds of assistance to investors, as well as open, transparent and unbiased privatization process. Ukraine is open for investments”, said Dmytro Sennychenko, the Head of the Fund.

In addition, he gave the examples of privatization cases that are successful profitable investments and were held under transparent rules. These cases show efficiency of investments through privatization.

“One of numerous privatization successful stories is the privatization of Kyivpasservice. New owner paid more UAH 230 mil for this enterprise and has already begun modernization firstly for 60 years. Next example is the privatization of assets of alcohol distilling industry. This is absolutely new story of a creating transparent alcohol production market. Privatization of the plant in Kharkiv city is successful too. This factory produced monochromic TVs and has stopped its operations since the beginning of 2000th. After privatization, it was modernized to produce electric cars chargers. We create all conditions so that successful stories of privatization in Ukraine could become your successful story too”, Dmytro Sennychenko summarized.