Denys Shmyhal: Most state-owned enterprises will be transferred to the State Property Fund

The Government’s strategy is to minimize the share of the state in the economy while maintaining state control in strategic and important for Ukraine’s security industries. This was stated by Prime Minister Denys Shmyhal during a meeting with First Deputy Prime Minister and Minister of Economy Yuliia Svyrydenko and Head of the State Property Fund (SPFU) Rustem Umerov.

“We have numerous plans for this year. We are continuing small-scale privatization and resuming large-scale privatization. We are transferring most state-owned enterprises to the management of the State Property Fund. We are developing a strategy for managing enterprises that have been confiscated from sanctioned persons,” the Prime Minister said. 

Also, according to Denys Shmyhal, the State Property Fund is tasked with implementing OECD principles in the management of state-owned enterprises. 

Overall, last year’s privatization brought UAH 1.7 billion to the state budget. After the change of management, the economic effect of the SPFU’s work amounted to more than UAH 5 billion.

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