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 systems (regional power supply companies) from the list of large privatization objects and the list of small privatization objects and instead transfer them to the management of the Ministry of Energy. This follows the decision of the NSDC made on July 30 which was put into effect by presidential

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 attractive asset so far — for $125 million as a starting price.  Only one undisclosed bidder emerged, and the sale has had to be postponed because according to the law more than one bidder is required.  It seems that the problem is not the lack of

Clearing the way for the biggest privatization of this year,

Ukraine’s Supreme Court refused to recognize a decision by Stockholm’s Arbitration Institute to award Dmytro Firtash’s Ostchem over $300 million from state-owned Odesa Port Plant. “This is a final decision that is not subject to appeal,” Dmytro Sennychenko, head of the State Property Fund, told Interfax-Ukraine yesterday. Looking ahead to a sale of the chemical producer through auction, he said: “This will help expand the pool of potential buyers and dramatically increase the value of the asset.”