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Special-purpose of the Verkhovna Rada has supported the draft law on unblocking large privatization

Photo: Facebook / Odessa Portside Plant

Photo: Facebook / Odessa Portside Plant

The Committee on Economic Development of the Verkhovna Rada recommended for consideration in the second reading a draft law on unblocking large privatization. This was announced by the Deputy Minister of Economy Svitlana Panaiotidi.

"The Committee has supported the draft law on unblocking large privatization No. 4543 for the second reading. I will prepare and hope that this vote will be as successful as it was last time," she wrote

The draft law is sponsored by the Cabinet of Ministers. The government emphasizes that in order to fill the state budget with funds from the large-scale privatization objects sale, it is advisable to remove legislative restrictions on the adoption of any measures for large-scale privatization, including holding auctions.

This bill was approved by the deputies in the first reading in early February.

Context. On March 30, 2020, Ukraine temporarily refused to bid for large-scale privatization objects until the situation on world markets was stabilized.

On September 25 last year, the country banned auctions for the sale of large-scale privatization objects during the quarantine—the corresponding law came into force (draft law No. 3552).

The State Property Fund (SPF) plans to launch the first auctions for large-scale privatization objects in the Q2 of 2021. But for this, the Verkhovna Rada must lift the legislative ban on large-scale privatization auctions, introduced after the outbreak of the coronavirus epidemic. This was announced by the Head of the Fund Dmytro Sennichenko.

The SPF is ready to hold auctions in April—June for the sale of the United Mining and Chemical Company, the President-Hotel and the plant Bolshevik.

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