: :inin Kyiv (EET)

Ukraine`s privatization revenues fall by half

Receipts of the Ukrainian national budget from privatization of state-owned assets in January through July 2016 amounted to UAH 58.76 million, which was twice as low as the amount received during the same period last year, according to Ukraine`s State Property Fund (SPF).

The SPF central and regional administration sold 72 state-owned assets during the reporting period (including nine assets sold in July) and 173 assets in municipal ownership (36 assets sold in July).

Last month, the SPF put up for sale through stock exchanges the government`s stake in six companies with a total nominal value of UAH 25.78 million. The SPF did not sell any state-owned stake on the stock exchanges in the previous month.

As UNIAN reported earlier, last year revenues to the state budget of Ukraine from privatization amounted to UAH 151.5 million, which is three times lower than the figure in 2014. This year, the SPF plans to put up for sale 450 state-owned entities, including 20 large enterprises, 50 medium-sized companies and 380 small entities.

Odesa Portside Chemical Plant (OPP) is the first and most significant asset on the privatization list. The auction to sell a 99.6% state-owned stake in the OPP with a starting price of UAH 13.175 billion was held on July 26 but failed due to lack of bids from investors. The SPF subsequently announced its intention to prepare a new tender in October and said it would consider the possibility of lowering the initial price of the asset.

The 2016 budget of Ukraine estimates the proceeds from privatization at UAH 17 billion.


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