The Cabinet of Ministers of Ukraine supports the State Property Fund in continuing the successful privatization

On November 12, 2020, theChairman of the State Property Fund of Ukraine Dmytro Sennychenko took part in the meeting chaired by Denys Shmyhal,the Prime Minister of Ukraine. The meeting was devoted to the discussion ofinterim financial results of privatization and the next steps in this process.

During the meeting Dmytro Sennychenkosaid that the state budget received UAH 1.9 billion from small-scale privatization this year, the amount of which will increase to UAH 2.3 billion by the end of 2020.

Hespoke about the changing approaches to the privatization process and the introduction of transparent and uniform rules for all.

In addition, the chairman of the Fund reported on the financial condition of enterprises under the management of the Fund and on problematic issues that arise in the process of privatization.

The Prime Minister of Ukraine Denys Shmygal assigned the Ministry of Finance and the State Tax Service to work with the State Property Fund to restructure the tax debts of enterprises. This will increase the efficiency of privatization.

As a result of the meeting, the Ministry of Economic Development, Trade and Agriculture should prepare a bill on the resumption of auctions for large privatization.

“We have the highest political support to keep working to win - attracting investment and creating jobs”, said the Chairman of the State Property Fund of Ukraine Dmytro Sennychenkoafter the event.