Of Ukraine’s 3,343 state owned companies, only 28% made a profit last year,

according to research conducted by Ukrainska Pravda, (Economy Ministry data). Last year, only 43% of Ukraine’s state companies – 1,458 – were functioning. Ukraine’s state companies lost almost $2 billion last year. The biggest loss – almost $700 million – was at Naftogaz. The total valuation of the state companies is $62 billion.