Ukraine’s government expects privatization to attract more than ₴4B to the budget next year.

This ambitious goal was set by the head of the State Property Fund of Ukraine (SPFU), Vitaliy Koval. The SPFU already possesses 691 properties with a total balance sheet value of ₴4.7B, allowing it to attract funds from privatization. The expected asset price growth rate is 170%.

“Thanks to the denationalization of the economy and privatization, we are opening up the market for investors. New businesses are emerging in place of closed enterprises and are creating jobs and paying taxes,” Koval emphasized.

This year, the State Fund has already provided ₴3.5B to the state budget. Only last week (November 11-15), 21 online auctions occurred with a total value of ₴59.46M. During the auctions, asset values increased by 220%.

Another 34 auctions are planned for this coming week. Among the largest lots: shares of Rivne Radio Technical Plant (₴60.8M), Ivano-Frankivsk Bakery (₴52.7M), Niginsky Quarry (₴13.2M), Zhytomyrtorf (₴3.8M) and Hannopil Distillery (₴1.9M).