Ukraine lifts suspension on large-scale privatization
On 30 March 2021, Verkhovna Rada lifted the suspension on large privatization imposed a year ago due to the break up of the COVID-19 pandemic.
Once the bill is signed into Law by the President, the State Property Fund and municipal privatization authorities may announce privatization of state and municipal assets of large-scale privatization including:
property complexes and
shares of state/municipal companies with a total value exceeding UAH 250 million.
For more information on privatization procedures in Ukraine, please follow the link.
Resume of the large-scale privatization should boost investment activity in Ukraine and procure significant income for the treasury. The Chairman of the State Property Fund expects that the Ukrainian budget will gain UAH 9 bln from large-scale privatization.
Such optimistic expectations are driven by the significant success of 2020- 021 small privatization. According to the information published by the State Property Fund and its Chairman, Dmytro Sennychenko small-scale privatization gave approximately UAH 2 bln in 2020 and UAH 1 bln in 2021.