Ukraine will conduct audits of state companies with a view to selling stakes on international markets, Prime Minister Arseny Yatseniuk said on Tuesday, as part of the new government’s drive to reform corrupt and inefficient state institutions.
Around 1,500 state firms cannot be privatized by law at present, but the Kyiv government will recommend abolishing this rule for 1,200 in an effort to stamp out graft, Yatseniuk said at a government meeting.
“Opaque state firms spend billions without any system of control with a management appointed on a political basis … State companies have essentially fallen into the private hands of one …read more
Source: Voice of America
