privatization

Friday, August 1

Ukraine is selling one of Europe’s largest engine part factories, which supplies components to top European automakers. The State Property Fund of Ukraine (SPFU) has announced an auction to privatize 100% of the authorized capital of Motordetal-Konotop (in the Sumy region), which is currently a profitable enterprise. T...

Monday, January 20

Privatization of profitable enterprises in Ukraine is low-hanging fruit, but not for foreign investors. A chemical factory seized from a Russian oligarch will be put up for auction this year. PJSC Vinnytsiapobuthim, a well-known manufacturer of household chemicals and cosmetics, has been transferred to the State Property Fund of Ukraine (SPFU) for future sale at auction. This was reported...

Friday, July 15

Privatization in Ukraine might bring close to UAH 1B. By the end of 2022, Ukraine can raise as much as UAH 1 B from privatization, reported Ukrinform. According to government official Oleksiy Movchan, Ukraine’s budget can count on no more than UAH...

Thursday, February 3

The State Property Fund has put five distilleries up for sale. The State Property Fund has announced five online privatization auctions of distilleries, to take place between February 25 and March 4. The total starting price for all auctions is over UAH140M. The ...

Wednesday, February 2

The Odesa Champagne Factory was sold for UAH 195M. The 122-year-old Odessa Champagne Factory, located on French Boulevard, was sold at an online auction for UAH195M ($6.85M). According to State property fund officials, seven companies took part in the...

Friday, January 14

Illichivsk plant of reinforced concrete structures is now for sale for UAH 80 M. The National Bank of Ukraine is currently selling the Illichivsk Plant of Reinforced Concrete Structures at UAH 80.2 M ($ 2.9 M). The company sits on a land plot measured at 16.9 hectares with buildin...

Thursday, January 13

Three significant privatizations are expected in 2022. The President’s Office expects to see the privatization of three large enterprises: The United Mining and Chemical Company (OGHC); The Centrenergo, and The Odesa Port Plant, in 2022. The privati...

Thursday, December 9

The state received UAH 8.1 bln from privatization in two years. The Prime Minister, Denis Shmygal, announced this at the opening of the Ukrainian-Croatian business forum in Kyiv. “In 2020-2021, the state received UAH 8.1 bln ($298 mln) from privatization. Compared...

Distillery in the Lviv region sold 16 times more than the starting price. At the privatization auction for the sale of property of Vuzlivsky MTD in the Lviv region, the price increased from the starting UAH 21 mln ($772,000) to UAH 333 mln ($12.2 mln), (Prozorro.Sale). The ...

Monday, December 6

PrivatBank and Oschadbank to approve plans for their privatization. The two state-owned banks must adopt “roadmaps” for partial or full privatization in cooperation with the Ministry of Finance. To reduce the state’s share in banks to 25%, PrivatBank...

Privatization of the Odesa Research Institute. The State Property Fund of Ukraine (SPFU), has put up for sale the Odesa Research Institute of Television Technology (ORITT), which made “eyes” for submarines and equipment for presidential aircraft. ...

Friday, November 19

The Kovel Educational Colony will be auctioned on December 7 with a starting price of UAH 41 mln. The State Property Fund (SPFU) will privatize the Kovel educational colony, which is located in the Volyn region. The asset includes 26 real estate assets, buildings with a total of 19,476 square mete...

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).

Monday, November 1

The State Property Fund (SPFU) again canceled the auction for the privatization of JSC United Mining and Chemical Company (OGHC), which was to take place on October 29. The cancellation was due to the fact that it only received two bids. One of them did not meet the requirements of current legislation, and it is impossible to ho...

Friday, October 29

Borshchiv distillery to be privatized and sold for a starting price of ₴21 mln ($795,000) . The State Property Fund (SPFU) will put the Lipnytsia distillery in the Zhytomyr region up for an online auction to take place on November 19, 2021. The asset is being sold along with real estate in...

Monday, October 25

Privatization of salt-mining enterprise in the Kherson region. During the online auction, the bidding’s value increased 7.3 times from the starting price of UAH 6.13 mln ($233,000). The auction had 9 registered participants and the as...

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...

Thursday, September 30

State-owned enterprises amassed losses of UAH 50 bln ($1.9 bln) This announcement was made by Vasyl Khmelnytsky on LinkedIn. Citing the main problem of state enterprises in Ukraine is the lack of incentives for development. “Compared to private businesses, state e...

Friday, September 24

The State Property Fund is selling a distillery in the Poltava region. For the fourth time, the State Property Fund has put the Vishnyakovsky distillery up for auction. The asset includes the separate property of the Vishnyakovo place of operation and the storage of alco...

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...

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...

Wednesday, March 31

The Rada passed a bill yesterday to resume privatization of large state owned corporations – one year after sales were suspended due to the coronavirus pandemic. The State Property Fund hopes to raise as much as $430 million this year by selling six large state companies, including Kyiv’s President Hotel, Kyiv Bolshevik Plant, the Odesa Portside Plant and Unit...

Addressing the aftertaste of corrupt privatizations of the 1990s , Sennychenko wrote: “The speculation that someone wants to buy up state property cheaply will not work! Absolutely transparent privatization auctions with offers for any wallet demonstrate only...

Private investment will breathe economic life into dead state assets, Economy Minister Ihor Petrashko wrote on the Ministry website. He said: “Removing restrictions on the sale of large state-owned enterprises will not only fill the state budget, but also attract large ...

Monday, January 25

Last year’s remittances from Ukrainian workers abroad totaled $12 billion — almost five times the net direct foreign investment of $2.5 million. Last year’s remittances from Ukrainian workers abroad totaled $12 billion — almost five times the net direct foreign investment of $2.5 million. In 2018, net FDI added up to $2.4 billion. Kyrylo...

Despite coronavirus travel controls, worker remittances are expected to be near last year’s level. Despite coronavirus travel controls, worker remittances are expected to be near last year’s level. Ukraine’s State Border Guard Service reports that 35% of the 11,250,000 border crossings out of Ukrai...

The sale of large state companies starts this year and will not be reversed, The sale of large state companies starts this year and will not be reversed, Prime Minister Shmygal vowed Friday at the meeting to debate the National Economic Strategy through 2030. He added: “Invest...

To promote investment into Ukraine, UkraineInvest is creating up to 70 information offices in Ukrainian embassies around the world To promote investment into Ukraine, UkraineInvest is creating up to 70 information offices in Ukrainian embassies around the world, Serhiy Tsivkach, executive director of the Investment Promotion Agen...

Turkish companies are interested in investing in Chornomorsk container terminal and railway and ferry complex Turkish companies are interested in investing in Chornomorsk container terminal and railway and ferry complex, Infrastructure Minister Vladyslav Krykliy reports after meeting Thursday with executives ...

DTEK Renewables plans to launch solar and wind projects in the EU as early as this year, DTEK Renewables plans to launch solar and wind projects in the EU as early as this year, DTEK Renewables CEO Maris Kunickis tells Bloomberg in an article headlined: “DTEK Looks Abroad After Ukraine Ba...

Ukrainians bought two thirds of their long-distance train tickets online last year Ukrainians bought two thirds of their long-distance train tickets online last year, reports Ukrzaliznytsia. By buying 12.9 million tickets through the Internet, at booking.uz.gov.ua, travelers had eas...

The longest train ride in Ukraine is also one of its five most popular The longest train ride in Ukraine is also one of its five most popular, reports Ukrzaliznytsia. Every day, Train No. 45 sets off from Uzhgorod or Lysychansk, Luhansk, ambling across Ukraine making at ...

Restaurants, gyms and shopping centers reopen in Ukraine today Restaurants, gyms and shopping centers reopen in Ukraine today as the nation emerges from the coronavirus lockdown-imposed Jan. 8. Registered new infections are running at about 5,000 a day, about one...

Ukraine imported a record amount of wine last year — $180 million. Ukraine imported a record amount of wine last year — $180 million. Top supplying countries are: Italy – $ 29 million; France – $ 27.5 million; and Georgia – $26 million. Over t...

China’s imports of Ukrainian grain are soaring during this marketing year China’s imports of Ukrainian grain are soaring during this marketing year, the Ukrainian Grain Association reports, citing figures released Thursday at an Agro meeting at Ukraine’s Embassy in Beijing....

After the United States, Ukraine was the world’s second largest grain exporter in the marketing year that ended June 30 After the United States, Ukraine was the world’s second largest grain exporter in the marketing year that ended June 30, Taras Kachka, Deputy Minister of Agriculture and Economy, told the Internationa...

DHL and Ukrzaliznytsia plans to develop China-bound trade from UZ’s left bank rail wagon marshalling yard at Liski DHL and Ukrzaliznytsia plans to develop China-bound trade from UZ’s left bank rail wagon marshalling yard at Liski, Logistics Manager, an Asia-oriented logistics news site, reports in a story headline...

Ukraine saved $3.4 billion last year on oil imports, cutting its import bill by 36% yoy Ukraine saved $3.4 billion last year on oil imports, cutting its import bill by 36% yoy, reports the State Customs Service. In volume terms, Ukraine cut imports by 5%, to 8 million tons. Top suppliers...

Industrial production dropped last year by 5% yoy, reports the State Statistics Service. Manufacturing was down 7% Industrial production dropped last year by 5% yoy, reports the State Statistics Service. Manufacturing was down 7%. Other big drops were: coal mining down 13%; and electricity generation down 6.6%. On...

Net foreign direct investment in Ukraine was the worst in 20 years Net foreign direct investment in Ukraine was the worst in 20 years, Lenna Koszarny Founding Partner and CEO of Horizon Capital, said Friday at a discussion of the draft National Economic Strategy 2030...

Friday, August 14

Behind the devastating Beirut port explosion was a Russian business man who abandoned his ship, his 8-man Ukrainian crew and his cargo of ammonium nitrate in Beirut in 2013, Behind the devastating Beirut port explosion was a Russian business man who abandoned his ship, his 8-man Ukrainian crew and his cargo of ammonium nitrate in Beirut in 2013, according to a Reuters sto...

Flying the flag of Moldova, a landlocked nation, the ship, the Rhosus, was loaded in Sept. 2013 with 2,750 tons of ammonium nitrate produced by Rustavi Azot, a nitrogen producer in Georgia Flying the flag of Moldova, a landlocked nation, the ship, the Rhosus, was loaded in Sept. 2013 with 2,750 tons of ammonium nitrate produced by Rustavi Azot, a nitrogen producer in Georgia. The cargo ...

With the Rhosus disabled by the leak, Grechushkin abandoned the ship and the crew, With the Rhosus disabled by the leak, Grechushkin abandoned the ship and the crew, both news agencies report. Four crew members were forced by Lebanese officials to stay on the ship for 11 months to p...

IFC is supplying a $35 million loan to help Galnaftogaz to improve its supply of fertilizer and fuels to small farmers. IFC is supplying a $35 million loan to help Galnaftogaz to improve its supply of fertilizer and fuels to small farmers. The Lviv-based company has pioneered allowing farmers to buy fertilizer and seed...

After good weather in eastern and central Ukraine, the USDA has raised its Ukraine harvest forecasts to: 27 million tons of wheat, and 39.5 million tons of corn. After good weather in eastern and central Ukraine, the USDA has raised its Ukraine harvest forecasts to: 27 million tons of wheat, and 39.5 million tons of corn. “Yields are expected to be the second ...

Ukraine’s Avangard, Europe’s largest egg producer, may close six of its 20 farms, cutting production by 20% by mid-October, Ukraine’s Avangard, Europe’s largest egg producer, may close six of its 20 farms, cutting production by 20% by mid-October, reports Poultry World. UkrLandFarming, Avangard’s parent company, may have t...

Next year, Ukraine will create a domestic airline based on a fleet of regional jets produced by Kyiv’s Antonov Next year, Ukraine will create a domestic airline based on a fleet of regional jets produced by Kyiv’s Antonov, Infrastructure Minister Vladyslav Krykliy said yesterday on a visit to Kharkiv State Air...

Betting that corona travel restrictions will ease, SkyUp announces seven new international routes for its winter schedule. Betting that corona travel restrictions will ease, SkyUp announces seven new international routes for its winter schedule. Starting Oct. 25, Ukraine’s discount carrier will fly from Kyiv Boryspil to A...

Starting today, Ukraine’s new electronic visa platform launches at this address: Starting today, Ukraine’s new electronic visa platform launches at this address: https://evisa.mfa.gov.ua/. Citizens of India, the Philippines and South Africa will be able to get electronic visas for...