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Eastern Europe
August 10, 2018 www.intellinews.com I Page 18
with its earlier announced privatisation list, which it failed to do for the last four years. It’s unlikely that all 22 assets will be privatised in 2018, and it’s not likely that Ukraine’s UAH22.5bn ($830mn) privatisation proceeds target will be reached this year. But there is a chance that Ukraine will be able to boost revenue from sale of state property from the previous year’s result of UAH3.4bn,” Alexander Paraschiy of Concorde Capital said
in a note.
And the privatisation programme maybe widened to include defence companies. The Ukrainian authorities are preparing a bill to lift restrictions on the privatisation of state defence enterprises, according to the National Security and Defence Council of Ukraine (NSDC) Secretary Oleksandr Turchynov.
However, privatisation is not popular with the gen- eral public. A poll earlier this year found that 47% of respondents oppose the possible privatisation of state-owned enterprises.
In 2017, the Ukrainian authorities obtained UAH3.244bn from the privatisation of state-owned assets. Kyiv restarted its privatisation drive in Au- gust, when the SPF sold blocking stakes in several power companies to System Capital Management (SCM) Group controlled by Ukraine's richest oligarch Rinat Akhmetov. At the same time, the government in Kyiv intended to meet its planned UAH17.1bn of privatisation revenues by the end of 2017.
In 2016, Kyiv obtained only UAH188.92mn from the privatisation of state-owned assets, or 1.1% of the UAH17.1bn plan set in the 2016 budget.
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