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Council of Europe Development Bank has decided on special conditions for Ukraine to acquire membership in this financial institution as soon as possible. In addition, the bank also allocated funds to support Ukrainian refugees in Germany and Lithuania, reported the bank’s press service. CEB membership will open additional opportunities for Ukraine to provide housing for Ukrainians affected by the war, provide social services, and rebuild destroyed social infrastructure, including hospitals, schools, and kindergartens. It is noted that the Bank's board approved five new loans for €465M, most of which will be aimed at supporting refugees from Ukraine in the CSBR member countries.
EU to provide Ukraine with new 500 million euros military assistance. EU foreign affairs chief Josep Borrell said that with the allocation of the fifth tranche "to further support Ukraine‘s Armed Forces," the European Union, together with its Western partners, remains “focused and steadfast” in its support for Ukraine.
6.1.4 Budget dynamics - privatisation
Privatization in Ukraine might bring it close to UAH 1B. By the end of 2022, Ukraine can raise as much as UAH 1 B from privatization, reported Ukrinform. According to government official Oleksiy Movchan, Ukraine's budget can count on no more than UAH 1B from privatization this year. Currently, the State Property Fund has prepared many objects for privatization. The Ukrainian government is working on a new law that will allow the acceleration of privatization processes in Ukraine. The draft law creates conditions for the acceleration of privatization processes in Ukraine, simplifies the measures taken to prepare for the privatization and sale of state and communal property both during martial law and peacetime, makes it impossible to privatize large-scale privatization objects during martial law, and accelerates obtaining and reissuing permits and licenses for owners of privatized entities.
The State Property Fund wants to sell Centrenergo. The State Property Fund of Ukraine (SPF) proposes to sell Centrenergo, a major electric and thermal energy producing company, together with the state mines. For this purpose, the Fund is seeking appropriate changes in legislation, reported Interfax-Ukraine. However, the head of SPF, Olga Batova, considers combining Centrenergo with the state mines a mistake. "I think the decision was wrong because all the mines have debts, arrests, and Centrenergo has other shareholders, creditors, and debtors. The mines are state-owned enterprises, and Centrenergo is a joint-stock company," explained the head of the SPF. At the same time, according to her, the sale of several objects in one lot will provide an opportunity to adjust the privatization conditions depending on investors' interests. Furthermore, Batova suggests that Centrenergo can be sold before the full end of martial law along with the United Mining and Chemical Company.
Since the war, the Ukrainian land market has held 740 land auctions. The Prozorro.Sales electronic auction platform has conducted 740 land auctions, raising more than UAH 174M ($4.7M). So far, 303 new land auctions with a total starting value of UAH 374M have been announced, of which 96 were lease auctions, 145 sale auctions, and 62 sales with priority rights. According to land market data, at the beginning of the full-scale invasion of the Russian
49 UKRAINE Country Report XXXX 2018 www.intellinews.com