Privatizations of five big state companies are being blocked by court action taken by losers of tenders for consulting work on the sales. On Nov. 28, an appellate court will hear the arguments against the process used by a commission formed by the State Property Fund, the Finance Ministry, and the Economic Development and Trade Ministry. Vitaliy Trubarov, head of the Property Fund, says he hopes “all the groundless accusations will be overturned by the court.” Alexander Paraschiy, analyst for Concorde Capital, winner of several tenders, writes: “Such a blockade might be only the beginning of the sabotage of the privatization process by forces that are controlling large state assets in Ukraine and milking them.”
Privatizations of five big state companies are being blocked by court action taken by losers of tenders for consulting work on the sales.
