Ukraine aims to privatize all non-core assets to attract investment and ensure economic growth.

Vitaly Koval, the head of the State Property Fund (SPFU), drew attention to figures confirming the effectiveness of privatization. In five months of this year, the SPFU attracted more funds from privatization than in the whole of 2018.

“Privatization is timely because it is not the time to increase the losses from state-owned enterprises. This is an important component of the state property management policy. Privatization does not mean closing enterprises, but on the contrary – it gives them a new life,” Koval said.

He recalled the privatization of the Marylivsky distillery, the sale of which brought the state budget more than ₴200M. Moreover, last month the distillery’s new owner started bioethanol production. In total, the project attracted more than ₴500M in investment in Ukraine’s economy.

Also, the SPFU will try to re-sell the PentoPak factory, which produces packaging for meat and sausage products, with the starting price halved to ₴101.87M.