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 power to freeze sales, to give local communities 30% of sales proceeds, and to channel all other sales proceeds to improving state services. By creating these incentives, Saakashvili argues in a Kyiv Post opinion piece, Ukraine will find the will to cut the state companies which cost the Treasury $6.1 billion a year. He wrote that Ukraine has 63 times more state companies than Poland and 76 times more than Sweden.