330 companies to be privatised in Ukraine

330 companies to be  privatised in UkraineThe Cabinet of Ministers of Ukraine approved the sale of 330 companies, Vesti.

Governmental Committee on economic, financial and legal policy has approved the privatization of a number of enterprises, including "Turboatom," "Electrotyazhmash," "United Mining and Chemical Company," the State Food and Grain Corporation and the state share in "Zaporozhye Titanium-Magnesium Plant," according to the Deputy Minister of Economic Development and Trade Yulia Kovaliv.

Deputy Minister posted on her Facebook page: "The general amount of enterprises that expect privatization in 2016-2017 is 330."

The list of previous privatization plan will exclude 102 companies that were already privatized, in the process of liquidation, or in the ATO zone, and at the same time will include another additional 126 companies.

The plan of privatization for 2016 peviously envisaged $17bln to the state budget, the budget for the first half of 2016 was only $42mln.

Sale competition of the Odesa Portside Plant (OPP) at a starting price of UAH13.175bln in July ended inconclusively.

However, the State Property Fund of Ukraine expects to fulfill the plan before the end of this year due to re- tender for the sale of OPP and controlling stakes of six regional energy supply companies (power companies).

The draft state budget for 2017 foresees UAH17bln gained from privatization.
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