Ukraine gets a mere 0.8% of planned receipts from privatization in 2015

20:48, 23 November 2015
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Budget receipts from privatization in January-October 2015 amounted to UAH 136.9 million, which is 0.8% of the 2015 annual target set at UAH 17 billion, according to the State Property Fund's Vidomosti Pryvatyzatsii privatization bulletin.

UAH 1 billion was planned to be earned from the sale of Kyiv's four-star President Hotel and some thermal power plants in 2015 / Photo from UNIAN

From January to October 2015, the SPF offered 80 shareholdings of 47 joint-stock companies for sale via stock exchanges. The total nominal value of the stakes was UAH 1.04 billion.

Over the period under review, only 6 shareholdings were sold on stock exchanges with earnings totalling UAH 101 million. In particular, it sold three stakes in Illichivsk shipyard, and one stake in Voitovetsky livestock breeding farm, Fermet company and Dniprometrobud underground railway construction firm each.

As UNIAN reported earlier, 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, according to the SPF.

SPF head Ihor Bilous announced that the SPF would unlikely meet the 2015 target for filling in the budget with receipts from the privatization of state-owned enterprises.

In his words, UAH 1 billion is planned to be earned from the sale of Kyiv's four-star President Hotel and some thermal power plants in 2015.

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