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Privatization starts in Ukraine from September 1

“The President of Ukraine has set the task of launching privatization from September. For this, the Verkhovna Rada adopted the relevant legislation, the government has developed all by-laws. We must make this process as fast as possible,” he said.

At the same time, according to the Prime Minister, the state is launching grant programs to motivate businesses and people to create jobs as much as possible.

“Small privatization, especially in regions where people in villages and towns know objects that have been standing for years and inefficiently used, is designed to make it possible to buy these premises for a fair price and start work,” Shmyhal said.

Privatization will also provide an opportunity to expand production for farmers. The Ministry of Economy reported that in early September, according to the schedule, auctions for elevator capacities and for grain processing plants will be announced. Market operators who see a shortage of capacity will be able to take part in these tenders.

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