Tuesday, October 27, 2015

Ukraine's privatization revenue becomes scarce

Receipts of the Ukrainian national budget from privatization of state-owned assets January through September 2015 amounted to UAH 126.8 million, which was a mere 0.7% of the annual target figure, which is set at UAH 17 billion, according to Ukraine's State Property Fund (SPF).
During these nine months, the SPF put up 67 packages of shares of 44 joint-stock companies to the tune of UAH 959.3 million for sale on stock exchanges, the SPF said in its official Vidomosti Pryvatyzatsii privatization bulletin.
Over the said period, it managed to sell 5 packages of shares for UAH 100.5 million, namely three stakes in Illichivsk shipyard and one stake in Voitovetsky livestock breeding farm and Fermet company each.
As UNIAN reported earlier, budget receipts from privatization in January-August 2015 totaled UAH 122.2 million.

As it is stipulated in the national budget for 2015, Ukraine planned to earn UAH 17 billion from privatization.
SPF head Ihor Bilous announced that the SPF would not meet the 2015 target for filling in the budget with receipts from the privatization of state-owned enterprises.


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