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Ukraine essentially failed to achieve its privatization target this year despite the fact that 2015 was declared the year of the large-scale privatization, the State Property Fund’s Ihor Bilous wrote in a column.

An advisory mission from the International Maritime Organization (IMO) was in Ukraine from December 14 to 18 to assess the performance of the functions of a flag state, port state, and coastal state by Ukraine.

The parliament adopted the Law on State Budget for 2016 by 263 votes on Friday night with projected revenues of UAH 595.1 billion, which exceeds the projected revenues of the 2015 state budget by 15.1% or UAH 88.1 billion.