Prime Minister, Minister of Finance of Ukraine Mykola
Azarov met with a member of Observing Council of
Austria Kreditanshtalt bank, a member of Executive Council
of UniCredit group Willi Hemetzberger and Austrian Chancellor Advisor, Leopold Specht.
financial experts emphasized that nowadays international stock markets
positively access prospects of development of Ukrainian economics and growing
of its home markets, in particular market of capitals.
UniCredit group possesses a rich experience of creation
of privatization strategies for the Western European countries, has provided
expert and consultative activity for the governments of East European countries
in the processes of privatization and stock market development.
Mr. Hemetzberger stated his readiness to establish
inter-governmental conferences targeting exchange with top-successful
privatization experience and conduct consultations for the Ukrainian Government
concerning privatization of the strategically important investment objects.
Mykola Azarov stressed that the Government of Ukraine had defined
a very large-scale and complicated privatization program. For now order of
privatization of such giants as Ukrtelecom, Odessa port plant are
under consideration. There are different approaches starting from sales of
control stock ending with the realization of attractive minority stakes which
will be the proof of market capitalization of the strategic enterprises. At
this, the Government sets the task at a balanced way: at the expense of sale
not only to enrich the state treasury but to attract strategic industrial
investors having the ability to deeply modernize certain branches. With this
view the successful experience of other countries, expert consultations of
processes appear especially valuable for Ukraine.
experts hail such rationally weighed approach of the Government and emphasize
that the most successful for the Western European countries proved to be the
model of sales of minority stakes at the stock market with the simultaneous
modernizing of management and technologies owing to new co-owners.
to the meeting have agreed to proceed consultations
and working out the cooperation model in the process of realization of
privatization programs in Ukraine for the near future.
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