‘Big Privatization’ starts this month with the goal of raising almost half a billion dollars for the Treasury by the end of this year,

Prime Minister Shmygal writes on Telegram.  This would be more than five times the $83 million raised last year. Shmygal instructed the Economy Ministry and the State Property Fund to draw up by the end of August the priority list for big state companies to be sold in 2022 and 2023. ‘Big Privatization’ describes auctions of state companies expected to sell for more than $10 million.

Privatization receipts will increase fourfold this, reaching $450 million,

said Kyrylo Tymoshenko, the Deputy Chief of Presidential staff, predicted yesterday at a government forum “Ukraine 30. Economy Without Oligarchs.” Starting prices for three big government corporation sales are: United Mining and Chemical Company, the titanium producer: $138 million; Kyiv’s Bolshevik plant: $50 million; and Kyiv’s President Hotel: $12 million.

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 capacity of all renewable power producers in Ukraine.