Privatization of big state companies could bring $1 billion to national budget in coming years,

Privatization of big state companies could bring $1 billion to national budget in coming years, Prime Minister Shmygal told the Cabinet of Ministers Wednesday. After a pause during the initial market turbulence of the coronavirus pandemic, sales of big state companies started last week with auction on Prozorro.Sale of Kyiv’s Dnipro hotel for $41 million. This year, the government plans to raised $435 million through sales of state property, half through ‘small privatization’ – under $10 million – and half through ‘big privatizations.” Shmygal said: “We have high expectations from large-scale privatization.”