President of Ukraine

President: Privatization of state property should be held transparently with involvement of Ukrainian and foreign investors, but without investors of the country-aggressor

12 September 2017 - 17:00

President: Privatization of state property should be held transparently with involvement of Ukrainian and foreign investors, but without investors of the country-aggressor

The National Council of Reforms chaired by the President considered the draft law aimed to ensure transparency and efficiency of the privatization of state enterprises. The Head of State emphasized that the issue was important for Ukraine, its investment climate, prospects and economic growth.

Petro Poroshenko thanked the Government, the experts of the international organizations, the representatives of the President who took part in drafting the document. “We should finally improve the legislation on privatization. Not only through the introduction of electronic auctions, but to fully ensure the transparent process,” the Head of State noted.

The President stressed that the authorities are willing to ensure efficient, open and competitive privatization of state-owned objects under new legislative regulations that will ensure access of national and foreign investors to this process, except for those of the country-aggressor.

According to him, it is necessary to discuss and submit the best version of privatization rules to the Parliament shortly.

The President emphasized that the privatization is important not only due to the involvement of the funds, but also due to the search of efficient owners who will ensure economic growth, production of competitive goods, export growth and restoration of the currency balance of the state. He added that it is necessary to increase the volume of foreign direct investments: “The time when we survived due to the attraction of credits has come to its end. Now, most of the income must be ensured in the form of FDI”.

Privatization is also an important element of anti-corruption strategy.

Petro Poroshenko emphasized that an important component of the draft law is the introduction of electronic transparent auctions of privatization. “This will speed up the process, make it more transparent and involve efficient owners,” he said.