To attract foreign investment, the Ukrainian Government has unblocked large-scale privatization

Thursday, April 15, 2021
1 MIN
To attract foreign investment, the Ukrainian Government has unblocked large-scale privatization

The Special Committee of the Verkhovna Rada supported Bill 4543 of the Law of Ukraine "On Privatization of Joint and Communal Property"

According to the portal "Interfax-Ukraine", on April 15, 2021, the Verkhovna Rada of Ukraine decided to lift legislative restrictions in order to fill the budget.

Let’s remind that the big privatization has been suspended due to quarantine. Prior to the stabilization of world markets, the State Property Fund, by Law 540-IX of 30 March 2020, imposed restrictions on the privatization of large projects: both preparation for sale and auctions. Bill 4543 repeals this provision and reinstates the process of external investment in the State budget.

Dmitry Sennichenko, the head of the State property fund, announced the restoration of auctions in the second half of 2021. In April-June it is planned to sell at auction "First Kyiv machine-building plant ", "President-Hotel" and "United Mining-Chemical Company".

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