BigPrivatization

Thursday, June 22

Three state giants have fallen under Ukraine’s big privatization. According to the head of the State Property Fund (SPFU), Rustem Umerov, these are the United Mining and Chemical Company, the Odesa Port Plant, and Centerenergo. The Odesa Port Plant, located in Yuzhn...

Wednesday, June 21

Zelenskyy has restarted the “big privatization” in Ukraine. President Volodymyr Zelenskyy signed Law No. 8250 on optimizing the activities of the State Property Fund (SPFU) and restoring “large-scale privatization”. The document envisages expanding...

Thursday, April 27

Revenues from the sale of state property have reached a 10-year record. The state property fund transferred UAH 902M from privatization to the state budget in the first quarter of 2023, the highest indicator in the last 10 years. The average figure in the first quarter ov...

Wednesday, January 19

The Kovel Educational Colony will be privatized on January 27. The Kovel Educational Colony was put up for auction, which will take place on January 27. The colony lot consists of 33 real estate objects exhibited for privatization, located on a land plot of 4.86 ...

Thursday, December 23

Shmygal instructed to intensify 2022 the privatization and corporatization of state assets. Prime Minister Denis Shmygal has set a task for the Ministry of Economy to strengthen reforms in the privatization and corporatization of state assets next year. “Last year, we started the proce...

Thursday, November 18

The State Property Fund (SPF) will put a diamond processing plant up for auction for the second time. The Vinnytsia Crystal Plant will be auctioned on December 17, announced the Prozorro.Sales website. The starting price is UAH 89.9 mln ($ 3.4 mln).

Wednesday, November 17

Vuzliv distillery will be privatized with a starting price of UAH 21 mln ($0.8 mln). The State Property Fund (SPFU) has announced an auction for the privatization of the Vuzlivsky complex which includes manufacturing facilities and alcohol storage, located in the Lviv region. The auct...

Monday, November 15

The Electronmash plant was sold at auction for UAH 970 mln, according to Prozorro.sales. The winner of the Auction paid UAH 970 mln ($37 mln) with a starting price of UAH 66.7 mln ($2.5 mln). According to the results of the third round, the participant who offered UAH 970 mln for the prop...

Wednesday, November 3

Trostyanets distillery privatized for ₴44 mln ($1.67 mln) , announced the State Property Fund (SPFU). The auction had a starting price of ₴44,012,959. The asset included 49 hectares of land with 67 buildings, including industrial stock for production and war...

Monday, November 1

Kalush CHP to be privatized with a starting bid of ₴230 mln ($8.75 mln). On November 30th, the State Property Fund (SPFU) will auction the “Kalush Thermal Power Plant, Nova”. The power generation facility has an electric capacity of the CHP is 200 MW, and is pa...

Thursday, October 28

The Bolshevik plant was sold at auction for ₴1.4 bln ($53 mln). The State Property Fund (SPFU) sold the Kyiv plant “Bolshevik” to the company “General Commerce” at an auction of “large-scale privatization” for ₴1.429 bln. The st...

Other enterprises to be auctioned in the large-scale privatization in the remainder of 2021 include: the United Mining and Chemical Company (OGHC), the President Hotel in Kyiv, Electronmash, and the port of Ust-Dunaisk. The Head of the SPF, Dmitry Sennichenko, announced that on November 12 Electronma...

Tuesday, October 12

Kovalevsky distillery was privatized for UAH 23.2 mln ($880,000). Three participants registered to participate in the auction. The price of the distillery during the auction increased two-fold against the starting price. “The new owner will receive 33 properties wit...

Tuesday, October 5

The State Property Fund held more than 1,500 auctions since the beginning of 2021. The State Property Fund of Ukraine (SPFU) earned more than UAH 2.2 billion ($83 mln) from the auctions “Privatization is, first of all, the transformation of unprodu...

Tuesday, September 21

The ports of Ust-Dunaisk, Belgorod-Dniester, and Skadovsk will be privatized. Local and cross-border investors will be able to participate in online auctions for the privatization of the three ports in the sea harbors of the Odessa region. The privatization was announced by the...

Wednesday, September 15

Over the two years of the “Great Privatization” and the “Small Privatization”, the budget of Ukraine received a boost in revenue valued at 4.5 bln hryvnias ($165 mln) . Speaking with TV channel DOM, the Deputy Chairman of the State Property Fund of Ukraine, Kostiantyn Koshelenko announced. Legislatively, privatization is divided into large and small. “Large-s...

Tuesday, August 31

Privatization of the large-scale titanium plant falls through and serves as a lesson. According to the Kyiv Post, on August 31 the State Property Fund was due to sell United Mining and Chemical Company (UMCC) — the largest titanium ore producer in Europe and the country’s most attracti...

Thursday, August 5

With six major state companies scheduled for privatization auctions during the second half of this year, 75% of revenue is to come from “the sale of ‘blue chips,’ the worn-out but potentially competitive industrial giants inherited from Soviet Ukraine,” Dmytro Sennychenko, head of the State Property Fund...

Tuesday, August 3

‘Big Privatization’ starts this month with the goal of raising almost half a billion dollars for the Treasury by the end of this year, Prime Minister Shmygal writes on Telegram. This would be more than five times the $83 million raised last year. Shmygal instructed the Economy Ministry and the State Property Fund to draw up by the en...

Thursday, June 17

Next year, Centrenergo, the conglomerate of 23 regional power producers, will go on sale in March 2022. Odesa Port Plant, the chemical producer, is to go on sale in April 2022.

“There are hundreds of such non-core facilities in various government agencies, ministries,” Tymoshenko said . He cited a ski area in Lviv region and a health complex in Vorzel, Kyiv region, which are owned by the State Fiscal Service. He vowed: “Such non-core facilities will be transferred to State Property...

Wednesday, May 19

The privatization drive is “irreversible, ” Kyrylo Tymoshenko, Deputy Presidential Chief of Staff, wrote on Facebook after President Zelenskiy chaired an inter-agency Zoom call Monday on the campaign. Over the next six weeks, there are to be ...

Thursday, May 13

Separately, in July, Ukraine’s State Property Fund plans to auction state-owned United Mining and Chemical Company, Europe’s largest miner of ilmenite, the main source for titanium oxide. Ukraine produces 6% of global titanium ore and its proven reserves are among the world’s 10 largest. The first of this year’s ‘Big Privatizations,” the company is Europe’s only miner of rutile a...

Friday, April 30

President Zelenskiy yesterday signed a law allowing resumption of sales of large state companies, a privatization process that was suspended one year ago due to the coronavirus pandemic. All sales are to go through electronic auctions. Zelenskiy said: ““Despite the coronavirus crisis, our goal of ...

Monday, April 26

On Thursday, Odesa’s 12-story Victoria Hotel will be put up for auction by the Deposit Guarantee Fund. Located a 10-minute walk from Arcadia beach, this Black Sea hotel has 229 rooms. The starting price is $7 million. The hotel is one of 862 assets that the Fund will be s...

Ukraine’s goal of quadrupling revenues from the sale of state companies this year “is entirely realistic,” wrote Dmytro Sennychenko, the Head of the State Property Fund, in an Atlantic Council blog: “Ukraine moves closer to large-scale privatization breakthrough.” The $430 million goal will be met through the sa...

Friday, April 23

The first of seven state-owned flour mills is to be privatized through auction on May 7 , the State Property Fund reports. Often called ‘bakeries’ these Soviet-era complexes mill wheat and corn into flour and animal feed. Located alongside railroad tracks, the seven ‘kombinats’ have elev...

During the first quarter, the State Property Fund conducted 377 privatization auctions, raising $36 million for the Treasury. By July 1, the Fund plans to complete the sale of all 40 properties of Ukrspirt, the former state alcohol monopoly producer.

Wednesday, April 14

In a surprise switch, the Rada failed yesterday to repeal the law unblocking large-scale privatization . Only 49 of the needed 226 deputies voted in favor of selling state companies estimated to be worth more than $10 million. Oddly, the Rada voted for the bill on March 30. Large state companies genera...

Friday, April 2

The first large scale privatizations of public enterprises are to take place this summer , Prime Minister Shmygal announced on Telegram. After meeting with Dmytro Sennychenko, the Head of the State Property Fund, Shmygal wrote that top candidates for auction are: Kyiv’s President Hotel, K...

Thursday, January 14

Sixteen foreign companies have registered interest in Ukraine’s first big privatization of this year Sixteen foreign companies have registered interest in Ukraine’s first big privatization of this year – the sale of a state company that mines and enriches titanium ore in Zhytomyr and Dnipropetrovsk r...

Increasing the company’s attractiveness, new management increased profits six-fold last year to $21 million Increasing the company’s attractiveness, new management increased profits six-fold last year to $21 million and announced last month a doubling of reserves of titanium-bearing ore sands at the Vilnohi...

Whittling away at Ukraine’s state property mountain, 1,899 privatization auctions were held in 2020, yielding $107 million for the budget Whittling away at Ukraine’s state property mountain, 1,899 privatization auctions were held in 2020, yielding $107 million for the budget, Dmitro Sennychenko, executive chairman of the State Property ...

Foreigners who invest over $100,000 in companies they set up in Ukraine will be able to apply for an immigration permit Foreigners who invest over $100,000 in companies they set up in Ukraine will be able to apply for an immigration permit, according to a resolution approved yesterday at the Cabinet of Ministers. Inves...

The dollar remains king in Ukraine, with the hryvnia 61% undervalued against the US currency The dollar remains king in Ukraine, with the hryvnia 61% undervalued against the US currency, The Economist reports in its annual Big Mac index. In Ukraine, a Big Mac costs UAH 62, or $2.21. In the US...

The ‘Karta Polaka’ or ‘Polish Card’ was granted to 7,094 Ukrainians last year The ‘Karta Polaka’ or ‘Polish Card’ was granted to 7,094 Ukrainians last year, Poland’s Foreign Ministry told Ukrinform. Started in 2008 for people of Polish heritage who are not allowed to have two p...

Bills on ‘virtual assets,’ on cloud storage and on creating Diya.City, a virtual free economic zone for IT companies Bills on ‘virtual assets,’ on cloud storage and on creating Diya.City, a virtual free economic zone for IT companies, are legislative priorities this year for the Ministry of Digital Transformation. M...

The Dnipro shipping season ends tomorrow The Dnipro shipping season ends tomorrow, just ahead of this weekend’s freezing temperatures. Although shipping companies got an extra month – December – 2020 cargo was down 5% yoy, to 11.25 million t...

Turkish Airlines displaced Ukraine International Airlines as the top carrier in Ukraine last year Turkish Airlines displaced Ukraine International Airlines as the top carrier in Ukraine last year, UkSATSE, the air traffic control agency, writes on Facebook. Turkish carried out 14,623 Ukraine fligh...

Just in time for this afternoon’s snow, Kyiv ranks 7th in a ranking of 416 world cities for traffic congestion Just in time for this afternoon’s snow, Kyiv ranks 7th in a ranking of 416 world cities for traffic congestion, reports TomTom, the Netherlands-based provide to satellite navigation devices. Sandwichi...

Drivers spent an unnecessary 207 hours in rush hour traffic last year Drivers spent an unnecessary 207 hours in rush hour traffic last year, TomTom reports, detailing Kyiv’s traffic patterns. Congestion adds an extra 25 minutes to morning commutes and an extra 29 minute...

With European natural gas prices rising to the highest level in two years, Ukraine will cut and cap gas prices from Feb. 1 With European natural gas prices rising to the highest level in two years, Ukraine will cut and cap gas prices from Feb. 1 until the end of the heating season, usually early April. With prices expecte...

Odesa region plans to build 400 km of bicycle paths in coming years Odesa region plans to build 400 km of bicycle paths in coming years, Ukravtodor writes on Telegram. Two priority sections are along the Black Sea: from Chernomorsk to Sanzhiika and from Shabo to Kuror...

The price freeze reverses a gas market liberalization process long advocated by the IMF. The price freeze reverses a gas market liberalization process long advocated by the IMF. Coming as the IMF is conducting a remote review of Ukraine, this measure is expected to delay any agreement on ...

In another cloud over the IMF deal, In another cloud over the IMF deal, Dmytro Sologub, a 5-year veteran member of the board of the National Bank of Ukraine, tells Bloomberg that summer’s shakeup of the central bank leadership may delay...

The Finance Ministry kept interest rates unchanged at Tuesday’s weekly auction, selling $319 million worth of bonds, The Finance Ministry kept interest rates unchanged at Tuesday’s weekly auction, selling $319 million worth of bonds, almost the same amount as the prior week. Of the total $48 million of 1-year dollar...

Dragon writes: Dragon writes: “State-owned banks likely remained the major buyers of domestic bonds…With the 2021 budget deficit target set at 5.5% of GDP, the government’s borrowing needs will remain high this year...