After many delays, 22 large state companies – each valued over $10 million – are to be privatized
Wednesday, June 13, 2018

After many delays, 22 large state companies – each valued over $10 million – are to be privatized

After many delays, 22 large state companies – each valued over $10 million – are to be privatized under orders signed by Vitaliy Trubarov, acting head of the State Property Fund. He wrote on Facebook: “There is no way back…This is the first large list of enterprises for sale for the last 10 years.” Last month, the Cabinet of Ministers approved the “big” privatizations for 2018. This list includes five regional energy companies, Centrenergo, Odesa Port-Side Chemical Plant, Turboatom, Zaporizhia Titanium and Magnesium Combine, United Mining and Chemical Company, and Sumykhimprom. The government has budgeted to earn $800 million from privatizations this year, a figure that now seems unrealistic.

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