PrivatizationUkraine

Friday, December 22

Ukraine plans to privatize a strategic enterprise for reconstruction. At the beginning of 2024, the Cabinet of Ministers may put the Kramatorsk cement plant Pushka up for auction, said Pavlo Kachur, president of the Ukrcement association. The company was included in a l...

Monday, December 18

Ukraine’s government expects privatization to attract more than ₴4B to the budget next year. This ambitious goal was set by the head of the State Property Fund of Ukraine (SPFU), Vitaliy Koval. The SPFU already possesses 691 properties with a total balance sheet value of ₴4.7B, allowing it to...

One of the largest shopping malls in Kyiv will be put up for sale at a privatization auction in the second half of 2024. The State Property Fund of Ukraine (SPFU) conducted an Ocean Plaza shopping center inventory, including financial liabilities. This is one more step toward the sale of the shopping center, but going t...

Friday, December 15

Almost 1,000 objects will be transferred to private ownership in Ukraine next year. As the head of the State Property Fund (SPFU), Vitaliy Koval, clarified, all of these objects will be sold through privatization auctions. “State assets generate losses, and the number of state-...

Wednesday, December 6

In November, assets of bankrupt banks were sold in Ukraine for ₴49.4M. Last month, Ukraine held 37 auctions to sell the assets of eight banks that were liquidated by the Deposit Guarantee Fund. The winning bids from successful auctions amounted to almost ₴49.4M ($1.35M)....

Tuesday, December 5

Seven state-owned joint-stock companies are selling their assets at public auctions. These sales will take place according to new rules regarding online auctions in the electronic trading system Prozorro.Sales, the Ministry of Economy reported. Electronic auctions for the sale and lea...

Friday, December 1

SPFU announces a large-scale privatization and the leasing of state land for agricultural purposes. In 2024, the State Property Fund of Ukraine plans to sell enterprises as part of large-scale privatization but also to hold auctions for leases of state-owned agricultural land, said the head of the f...

What does the state offer investors before privatization in December? On December 19, an auction will be held to privatize the single property complex, Ivano-Frankivsk Bread Product Factory. The initial price is ₴52.7M. The company has 58 real estate and infrastructure ...

Wednesday, November 29

A Mykolaiv company bought Cherkasy Azot for ₴37.5M; what other assets can be privatized by Ukrainian business? During the auction of Azot enterprise, the price of the lot increased from ₴30.99M to ₴37.5M. Logistics company Liquid Cargo Terminal offered the winning bid for the asset. Meanwhile, on December 14, ...

Tuesday, November 28

The Ivano-Frankivsk Rebar Plant is being sold for ₴70M: where else can businesses invest in Ukraine? On December 15, an auction for the sale of the property of the Ivano-Frankivsk Rebar Plant is planned with a starting price of ₴70M ($1.9M). The factory was once one of the largest Ukrainian manufactu...

Tuesday, October 31

Liquidated Zlatobank is for sale with a starting price of more than ₴10B. The Deposit Guarantee Fund liquidated Zlatobank and will sell its assets at auction on November 15 in the Prozorro.Sales system. The initial price for the bank’s assets is almost ₴10.6B ($290M). The l...

Monday, October 30

Ukraine earns another ₴74M from privatization and simplifies the transfer of unprofitable companies to privatization. From October 23 to 27, the State Property Fund of Ukraine (SPFU) held 12 privatization auctions in which 116 entrepreneurs were listed for sale. On average, almost 10 participants competed for each as...

Ukrainians can become owners of the state’s share of the Ocean Plaza shopping center. Inzhur Ocean, a joint investment fund, was created to buy out the state’s share of 66.65% of Ukraine’s largest shopping mall, Ocean Plaza. On October 19, the National Securities and Stock Market Commi...

Friday, October 13

The government has announced the privatization of five large companies but wants to maintain control of strategic assets. The State Property Fund (SPFU) has already sold assets worth ₴4.5B within the framework of small privatization this year. Next year, it is planned to privatize five large objects, Prime Minister Denys...

Wednesday, October 4

The SPFU will sell 41 assets in October for a total starting price of ₴290M. The most interesting lots, according to the State Property Fund of Ukraine (SPFU), include: Volyntorf is a peat mining enterprise. Volyntorf consists of the independent Manevytskyi Peat Factory divisi...

Tuesday, October 3

Funds raised from privatization have reached a five-year record. Over nine months, the State Property Fund attracted ₴2.7B to the state budget from privatization. This is the highest figure since 2018. So, in the previous five years, on average, privatization broug...

Thursday, September 14

Ukraine will launch the Sovereign Fund with strategically critical state-owned enterprises. By the end of the year, the State Property Fund plans to launch the Ukrainian Sovereign Fund (USF). It will include all strategically important state-owned enterprises that will not be subject to priv...

Monday, September 4

In August, privatization participants invested UAH 92M in state-held assets. In August, winning bids at privatization auctions from the State Property Fund of Ukraine reached UAH 92.1M. The final selling price of the assets exceeded the starting price by more than 2.5 times. I...

Thursday, August 31

The State Property Fund of Ukraine is preparing to resume large-scale privatization. The agency is ready to offer several assets to buyers, said the head of the SPFU, Rustem Umerov. Among them are the Odesa Port Plant, Centernergo, the United Mining and Chemical Company, the stateR...

Tuesday, August 29

After the resumption of privatization in September 2022, UAH 5B have been produced for the budget. With almost a year of small privatization operations, the budget has received more than UAH 3.8B in revenues from open auctions. Considering the taxes paid and the repayment of debts, the total amount...

Wednesday, June 7

The SPFU plans to hold 38 privatization auctions in June totaling UAH 165M. The State Property Fund of Ukraine (SPFU) is looking for private investors for items including the Belgorod-Dniester port, the Vinnytsia cartographic factory, a complex of non-residential buildings in...

Thursday, June 1

The Ukrainian Parliament supports the resumption of large-scale privatization. In addition, the transfer of confiscated sanctioned assets to the State Property Fund has been simplified. The new draft law envisages expanding the powers of the head of the State Property Fund (SPFU...

Monday, March 20

In one week, Ukraine’s state property fund sold UAH 250M of assets. During March 13-17, the State Property Fund of Ukraine held 10 privatization auctions, attracting UAH 251.2M from private investors. The week’s main auction was the sale of the Belgorod-Dniester Sea t...

Friday, January 21

Ukraine expects to receive UAH 8B from privatization. “We expect to attract up to UAH 8B ($280M) to the state budget this year,” said Prime Minister Shmygal said. According to him, in 2021, the state budget received UAH 5.4B ($193M) from smal...

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...

Friday, November 26

Odessa winery was privatized for UAH 235 mln. The winner of the auction Odesavinprom plant paid UAH 235 mln ($8.7 mln), announced the State Property Fund. Under the terms of privatization, the new owner must ensure the preservation of the core bu...

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...

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, October 20

Privatization of the Kyiv “Electronmash” plant was announced by the State Property Fund. “Electronmash”, is up for an auction with a starting price is UAH 66.7 million ($2.54 mln). The auction is scheduled for November 12. Along with t...

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, August 31

Government drops idea of privatizing regional power suppliers. With regards to the issue of energy, the Cabinet of Ministers, together with the State Property Fund of Ukraine (SPF), will remove state-owned stakes of shares in operators of electricity distribution...

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...

Monday, August 2

As part of a drive to privatize all state bakeries, the Radyvyliv Bakery in Rivne region will be auctioned off Aug. 30, the State Property Fund reports on Facebook. The starting price is $5.3 million for a complex that includes 414 hectares and 65,000 ...

Wednesday, June 16

Returning to the rhetoric of two years ago, Zelenskiy said: “My will is that the state should get rid of everything as much as possible. I agree with the position of the Europeans and the United States that the state is not the coolest manager....

Monday, April 26

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...

Thursday, January 14

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...

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...