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12 September 2017

Ukraine to restart privatisation to realise profits (commentary)

Source: Emerging Europe

Ukrainian Prime Minister, Volodymyr Groysman, vows to restart privatisation, which is a strict condition of the next bailout tranches granted by the International Monetary Fund (IMF), for the autumn of 2017. That is why the government has pledged to sell the Odessa Portside Chemical Plant as well as the shares in eight regional electricity suppliers.

“It is clear that the Ukrainian Government and the administration of the President of Ukraine are interested in privatisation,” Alexey Starodubov, the founder of UADirect, tells Emerging Europe. “

“At the same time, there is no consensus on privatisation issues within the Ukrainian Parliament. This could be a problem when it comes to implementing the plans of Cabinet of Ministers of Ukraine with regard to privatisation. It was announced by the Ukrainian Government that intensive privatisation is a request of the IMF. However, Ukrainian cooperation with the IMF is also a political issue. Due to the absence of a clear pro- Governmental majority in the parliament, this may lead to additional discussions among MPs, as well as volatility regarding the adoption of the required privatisation law,” he adds.

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