Government of Ukraine supports transparent privatization of state enterprises

The Cabinet of Ministers of Ukraine proposes to leave in state ownership approximately 250 strategically important companies, and the rest should be publicly and transparently privatized. Prime Minister of Ukraine Arseniy Yatsenyuk stressed this at a meeting of the National Tripartite Social and Economic Council on Thursday, April 16.

The Cabinet of Ministers of Ukraine, according to Arseniy Yatsenyuk, supports the transparent privatization and attracting investors.

The Prime Minister informed that the Government proposes to leave in state ownership about 250 strategically important companies, "All the rest should be transparently and publicly privatized with preservation of social standards and guarantees for privatized enterprises."

This process, he underlined, requires an active role of trade unions in order to prepare plans for privatization and ensure protection and guarantees that the new owner will develop the company for workers of enterprises subject to privatization.

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