Yesterday the Rada approved in its first reading, a bill designed to speed up privatizations of state companies.

Friday, July 16, 2021

The bill ensures that large privatizations will now undertaken through online auctions and 10% of all funds raised from small scale privatizations will be allocated to local budgets. Dmitry Sennychenko, the Chairman of the State Property Fund, sees passage of the bill as essential for selling off most of Ukraine’s 3,000 state companies.

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In other legislative news, the Rada also approved 3-year parameters for the national budget.

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