The privatization of Odesa Port-Side Plant (Odesa region) and other attractive facilities should be started from selling small stakes at western exchanges to define the realistic cost of shares, Ukrainian Prime Minister Arseniy Yatseniuk has said.

"We proposed that pilot stakes of shares up to 5% for Odesa Port-Side Plant and other plants are placed at exchanges not in Ukraine, but at western exchanges to see the realistic price," he said opening a cabinet meeting in Kyiv on Wednesday.

"We'll find out how much it costs on the Warsaw Stock Exchange and not on the Ukrainian one where they set the price themselves," he added.

He reminded that the government starts the large-scale privatization, proposing the Ukrainian parliament to remove 1,251 facilities from the list of companies that are not subject to privatization.

"We want to sell them at transparent tenders and auctions to [those investors] who gave the largest price and guarantee the development of the enterprises. The task of the government and authorities is regulation and getting revenues. The task of business is work and increase of own income," he said.