A new bill on
privatization in Ukraine, which provides for the introduction of principles for
the competitive sale of state assets and protection of investment basing on principles
of English law, can be approved by the Verkhovna Rada of Ukraine in
September-October. Prime Minister of Ukraine Volodymyr Groysman announced during
the Dragon Capital Ukraine Invest. The event is being held within the framework
of the visit of the Head of Government to the United Kingdom of Great Britain
and Northern Ireland.
Minister stressed that the draft law had been shaped in a fruitful cooperation
with experts and international partners. Soon it will be considered at the
meeting of the National Council of Reforms, and aftermath - submitted to the
Parliament for further discussion. Adoption of the document, assured the Head
of Government, will allow the Government to launch the process of a large-scale
privatization, to leverage new investment to Ukraine, to introduce new
technologies as well as to create new workplaces.
“We want the law be
passed in September-October. It will open up the possibility to increase investment
flows in the economy of our state. And we are eager to guarantee every
investment be effective”, stressed Volodymyr Groysman. “We will ensure
competitiveness, transparency and protection. Three things that
prove critical to us."
Minister reminded that there are currently 3,500 state-owned enterprises in
Ukraine, the majority of which can be transferred to private ownership. The
Head of Government explained, those companies having strategic value for the
economy and security will remain GOCs. However, they will also undergo changes.
It implies qualitative restructuring in the management of such assets, stressed