PrivatizationinUkraine

Tuesday, February 7

Another Ukrainian seaport has been put up for sale. On March 3, the State Property Fund will hold a privatization auction to sell the Bilhorod-Dniester Sea Trade Port. This will be the second privatization of the port in Ukraine’s entire history. The s...

Thursday, January 19

Ukraine plans to sell another seaport. The State Property Fund plans to privatize the Bilhorod-Dniester Sea trade port by the end of winter, said the head of the local branch of the State Property Fund, Oleksandr Slavskyi. The port’s priva...

Wednesday, January 18

A Ukrainian seaport was privatized for triple the starting price. The Ust-Dunaisk seaport was sold at auction on Tuesday, January 17, for UAH 201M ($5.5M). The privatization of a seaport took place for the first time in the history of Ukraine, reported the State Pr...

Friday, December 23

The State Property Fund has designated a seaport for privatization. The State Property Fund of Ukraine (STPU) prepared the Ust-Dunaisk Sea Trade Port for privatization. The auction will take place on January 17 on Prozorro.Sales, with the starting price of UAH 60M ($...

Tuesday, December 20

The State Property Fund held 19 privatization auctions in four days. During December 12-16, the State Property Fund held 19 privatization auctions, from which the budget received UAH 100M. The money received from the sale of properties is 11 times more than the total s...

Thursday, November 17

Small-scale privatization brought UAH 500M into Ukraine’s budget. Following the successful small-scale privatization auctions through the Prozorro.Sales platform, UAH 499.6M has been distributed to various levels of the budget, the state-owned enterprise Prozorro.Sa...

Tuesday, November 8

State privatization has delivered UAH 372M to the budget in two months. Auctions for the privatization of state and communal property on the Prozorro.Sales portal over two months brought UAH 372M to Ukraine’s budget, Prozorro.Sales reported. To date, 43 auctions have been...

Wednesday, October 19

Since the beginning of September, 14 small privatization auctions have been held in Ukraine, said the Minister of the Cabinet of Ministers, Oleg Nemchinov. According to the minister, on average, three participants take part in an auction – both legal entities and individuals. Bidders ha...

Thursday, October 6

Denationalization of the economy has brought the government UAH 45B. More than 800 state-owned objects worth about UAH 45B ($1.2B) were transferred to the State Property Fund of Ukraine (SPFU). As the Ministry of Economy explained, the burden on the state departments u...

Thursday, September 8

The government has accelerated state property privatization. The government has changed the procedure for transferring property into state management under the State Property Fund for integral property complexes of enterprises, institutions, and organizations t...

Wednesday, August 31

This year’s privatization will begin with two assets of state-owned alcohol producer, Ukrspirt. The State Property Fund has identified the first objects that will be put auction for privatization in September 2022. The auctions will be held in the state electronic trading system Prozorro.Sales, ...

Monday, August 8

Ukraine will begin the privatization of bread factories and distilleries. The resumption of the privatization process, which is planned for September, will start with bread factories and distilleries, announced the State Property Fund. Currently, there are about 200 objects...

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...

Monday, December 6

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. ...

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...

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...

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, September 7

Large-scale privatization is underway . The process was unlocked by the parliament in March 2021. According to Deputy Head of the President’s Office, Kyrylo Tymoshenko, a four-fold increase in state budget revenues from privatizatio...

Tuesday, July 6

‘Small’ privatizations – the sale of state assets that litter Ukraine 30 years after the collapse of communism – netted the government $61 million during the first half of this year. This is four times the amount of the same January-June period last year, the State Property Fund writes on Facebook. Increasingly popular, the sales are online, are open to bidders from across the nat...

Wednesday, June 16

President Zelenskiy said that two large state companies – power producer Centrenergo and chemicals producer Odesa Port Plant – will be auctioned online auction in the coming months . “Centrenergo is completely ready,” he told reporters, speaking of a company that has 23 power plants across the country. Centrenergo has an installed capacity of 7,690 MW – equivalent to half the ca...

Tuesday, June 1

Of the 109 companies managed by Ukraine’s Defense Ministry, 20 state companies are to be liquidates, 15 are to be reorganized and three are to be prepared for privatization , Deputy Defense Minister Ihor Khalimon tells Interfax-Ukraine. By the end of this year, he has predicted that the number of companies under the Defense Ministry will be cut to 42.

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...

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, March 8

With new coronavirus cases hitting 10,000 a day last week – double the rate of one month ago – over half of Ukrainians told pollsters they would support a new lockdown With new coronavirus cases hitting 10,000 a day last week – double the rate of one month ago – over half of Ukrainians told pollsters they would support a new lockdown. If cases keep surging, 56% woul...

In a separate poll, only one quarter of respondents told In a separate poll, only one quarter of respondents told the Kyiv International Institute of Sociology that they would take a coronavirus vaccine. Of the 1,207 respondents, 60% said they would not tak...

Under pressure for a slow start to vaccinations Under pressure for a slow start to vaccinations, Minister Stepanov told the Rada on Friday that all Ukrainian adults will be vaccinated by the end of this year. As of Thursday, only 10,000 people had ...

Ukraine will open full-fledged embassies in Chile, Ghana and the Philippines this year Ukraine will open full-fledged embassies in Chile, Ghana and the Philippines this year, Foreign Minister Dmytro Kuleba told reporters on Friday. In addition to these new diplomatic posts, Ukraine will...

Ukraine will allow dual citizenship with EU and “friendly countries,” Ukraine will allow dual citizenship with EU and “friendly countries,” Foreign Minister Kuleba said on Friday when he announced plans to allow dual citizenship in Ukraine with the EU countries. One goa...

Ukraine’s grain harvest is expected to rise by 15% to 75 million tons this year, returning to the bumper crop levels of 2019, Ukraine’s grain harvest is expected to rise by 15% to 75 million tons this year, returning to the bumper crop levels of 2019, Deputy Economy Minister Taras Vysotskyi wrote on Facebook. While the amoun...

Oil crops are increase by 3.2% to 19 million tons. Oil crops are increase by 3.2% to 19 million tons. The harvest forecasts are: sunflower seeds +3% to 13.5 million tons; soy +11% to 3 million tons; and canola unchanged, at 2.6 million tons.

The State Department has barred Ihor Kolomoiskiy and his immediate family from entering the US. The State Department has barred Ihor Kolomoiskiy and his immediate family from entering the US. The bans come as the US Justice Department pursues a civil case alleging Kolomoiskiy and his business pa...

After Ukraine’s government nationalized PrivatBank in 2016 After Ukraine’s government nationalized PrivatBank in 2016, Kolomoiskiy left Ukraine for Switzerland and then for Israel, where he also holds citizenship. In 2019, Kolomoiskiy backed Zelenskiy in the ...

Secretary of State Antony Blinken couched the Kolomoiskiy bans in the framework of getting Ukraine back on a Western-style free market, low corruption track. Secretary of State Antony Blinken couched the Kolomoiskiy bans in the framework of getting Ukraine back on a Western-style free market, low corruption track. “The United States continues to stand with...

In response to the Kolomoiskiy bans, Zelenskiy’s office said In response to the Kolomoiskiy bans, Zelenskiy’s office said: “The battle with the oligarchs lies not only in the realm of criminal responsibility. It is also about creating the conditions in Ukraine,...

On Thursday, the day before the Kolomoiskiy family bans were announced On Thursday, the day before the Kolomoiskiy family bans were announced, the Washington-based Atlantic Council posted an essay headlined “Zelenskiy Aims to End Ukraine’s Oligarch Era,” written by Yulii...

Denmark’s Maritime Authority expects Nord Stream 2 to be completed by the end of September 2021, several months later than forecast completion date. Denmark’s Maritime Authority expects Nord Stream 2 to be completed by the end of September 2021, several months later than forecast completion date. Reuters reports that a Russian pipe-laying vessel, ...

Baker Hughes Co and AXA Group and 16 other international companies have withdrawn from the Nord Stream 2 gas pipeline to avoid US sanctions Baker Hughes Co and AXA Group and 16 other international companies have withdrawn from the Nord Stream 2 gas pipeline to avoid US sanctions, Reuters reported. Washington has sanctioned the Fortuna’s o...

Bidding in an online auction of a Ukrspirt distillery drove the price up almost five times, to $3.6 million Bidding in an online auction of a Ukrspirt distillery drove the price up almost five times, to $3.6 million, reported the State Property Fund. Thursday’s sale of the Vyshiakivka, Poltava is part of a ...

By the end of this decade, Ukraine’s goal is to sell all state companies not protected from privatization By the end of this decade, Ukraine’s goal is to sell all state companies not protected from privatization and to transfer to concession 90% of companies enterprise protected from privatization. These ...

Friday, February 12

Before the Euro Parliament vote, Josep Borrell the Commission’s de facto foreign minister, warned: Before the Euro Parliament vote, Josep Borrell the Commission’s de facto foreign minister, warned: “Despite notable progress, widespread corruption continues to hamper Ukraine’s reform process. Its ke...

Many of the Euro Parliament recommendations coincide with Many of the Euro Parliament recommendations coincide with “10 Steps for Ukraine’s Economic Recovery and Growth in 2021,” a charter released yesterday by the American Chamber of Commerce in Ukraine....

To speed up privatization of Ukraine’s 3,500 state companies To speed up privatization of Ukraine’s 3,500 state companies, Mikheil Saakashvili’s Office of Simple Solutions and Results has sent to the Rada a package of bills that would deprive courts of the powe...

The EU and the WHO The EU and the WHO said yesterday that they will spend €40 million over the next three years to help Ukraine and five other former Soviet republics to roll out vaccinations against Covid-19. WHO Europ...

With snow forecast for all day today and into tomorrow, trucks are restricted from entering Kyiv City and from moving on many highways in Western Ukraine With snow forecast for all day today and into tomorrow, trucks are restricted from entering Kyiv City and from moving on many highways in Western Ukraine. Ukravtodor is using almost 1,000 snow plows t...

Foreign purchases of Ukrainian government bonds are returning to their peak levels of late 2019 Foreign purchases of Ukrainian government bonds are returning to their peak levels of late 2019, reported Dragon Capital. Over the last month, foreign purchases totalled $526 million, “close to peak m...

State-owned PrivatBank was the most profitable bank in Ukraine last year State-owned PrivatBank was the most profitable bank in Ukraine last year, recording $910 million in net profit. The next four most profitable banks were: Raiffeisen Bank Aval – $145 million; sta...

The net profit of all Ukrainian banks amounted to $1.475 bln last year, or 29% less than 2019 The net profit of all Ukrainian banks amounted to $1.475 bln last year, or 29% less than 2019, reports the National Bank of Ukraine. Out of 73 banks operating in Ukraine last year, 65 were profitable,...

Kolomoyskiy and Boholyubov, who are both under investigation by the FBI for money laundering, are suing the US Government for attempting to seize their Texas commercial building worth $23 million Kolomoyskiy and Boholyubov, who are both under investigation by the FBI for money laundering, are suing the US Government for attempting to seize their Texas commercial building worth $23 million, RFE...

Millions of Ukrainians signed up in the first year of the government’s Diya mobile app for digital services. Millions of Ukrainians signed up in the first year of the government’s Diya mobile app for digital services. As a result, the number of partner agencies and companies is expected to increase 10-fold t...

By the end of next month, Diya users will be able to change their registered places of residence, use electronic signatures, and interact with government for taxes By the end of next month, Diya users will be able to change their registered places of residence, use electronic signatures, and interact with government for taxes, medical records and construction pe...