The Cabinet of Ministers has approved a list of large enterprises to be privatized in 2019, the CFTS portal reports, citing a Facebook post by the State Property Fund’s acting head Vitalii Trubarov.
The list consists of 16 enterprises, including the Odesa portside plant.
It also includes five regional power distribution companies, the Centrenergo power company, the Azovmash company, the Elektrovazhmash plant, the United Mining and Chemical Company, the Krasnolimanska coal company, and the Sumykhimprom company.
According to Trubarov, privatization of the Odesa portside plant, the Krasnolimanska coal mine, and the United Mining and Chemical Company has been blocked by court decisions. It is impossible to begin practical work on their privatization.
The state budget for 2019 provides for revenues of UAH 17 billion from privatization. However, Ukraine has been unable to meet its target for privatization revenues for several years. The state budget for 2018 provides for privatization revenues of UAH 21.3 billion hryvnias and the state budget for 2017 UAH 17.1 billion, but only UAH 3.4 billion was generated. Privatization receipts amounted to UAH 0.19 billion in 2016, compared with the target of UAH 17.1 billion.
According to Trubarov, the International Monetary Fund is insisting on privatization of large enterprises. The State Property Fund is currently preparing for privatization of the President Hotel, which is also on the list.
As the CFTS portal reported earlier, 26 enterprises were included on the list of large enterprises to be privatized in 2018. They included five regional power distribution companies, Centrenergo, the Odesa portside plant, the Turboatom company, the Zaporizhia titanium and magnesium plant, the United Mining and Chemical Company, and Sumykhimprom.
