To speed up privatization of Ukraine’s 3,500 state companies
Friday, February 12, 2021

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.

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