The Cabinet of Ministers to launch the mass privatization from September 1

Prime Minister Denys Shmyhal declares that from September 1, privatization should start en masse in Ukraine. Press service of the Cabinet of Ministers informs about it.

“The President of Ukraine has set the task of starting privatization from September. For this purpose, Verkhovna Rada has adopted relevant legislation, the Government has developed all bylaws. We have to make this process as prompt as possible,” the Prime Minister said after a conference call with the leaders of the regions.

At the same time, according to Denys Shmyhal, the state is launching grant programs to motivate businesses and people to create jobs as much as possible.

“Small-scale privatization, especially in regions where people in villages and towns know about facilities that have been standing idle for years and are inefficiently used, is intended to provide an opportunity to buy these premises for a fair price and start work,” the head of government added.

According to the Prime Minister, privatization will also allow expanding production for farmers.

“The Ministry of Economy reported that in early September, according to the schedule, auctions will be announced for grain storage facilities as well as for bakery plants. Market operators who can observe capacity shortages will have a chance to participate in these tenders.,” said Denys Shmyhal.

The government approved a list of 420 state-owned enterprises that will be transferred to the management of the State Property Fund for further privatization and liquidation.

As GMK Center reported earlier, at the end of July, the Verkhovna Rada accepted an updated privatization law No. 7451, called to transfer large privatization to Prozorro auctions, speed up small privatization and remove a number of problematic issues.