The State Property Fund hopes to unblock a major privatization in May
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The State Property Fund hopes that changes to the law, which will unlock large-scale privatization, can be adopted in the parliament as early as May.
Rustem Umyerov, head of the FSMU, said this in an interview Bloomberg.
He stated that Ukraine can unblock large-scale privatization already in May, and the Fund is waiting for the adoption of a corresponding decision at the upcoming meetings of the Verkhovna Rada in May.
The budget will be able to earn more than 400 million dollars from large-scale privatization, Umyerov notes, and another 190 million dollars can be brought in by renting agricultural land.
“If we don’t sell them (large assets – EP) this year, then next year their only value will be real estate, and in a year – only the land on which they stand,” Umerov said.
This year’s budget includes UAH 6 billion from the sale of state-owned companies, and Umerov noted that it is possible to potentially get four times more if the sale and lease plans are implemented.
Provided the amendments to the law are approved, the privatization of the first assets – the Odesa port plant, Centerenergo, the United Mining and Chemical Company and the Zaporizhzhia titanium-magnesium plant – will begin no later than the third quarter of the year.
If parliament does not approve the necessary legislation, an alternative would be to move to joint ventures with other state-owned companies to reduce the burden on state finances, Umyerov said.
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