12:44 13.03.2015

Ukraine to start mass privatization of state enterprises this year – Jaresko

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Ukraine to start mass privatization of state enterprises this year – Jaresko

The Ukrainian authorities plan to start the mass privatization of state enterprises this year, Finance Minister Natalie Jaresko told reporters on Thursday.

"[This means] privatization of everything that can be privatized and we plan to start it this year," she said.

Jaresko said that the Economic Development and Trade Ministry is drawing up a new program on state enterprise management and the resulting document is to be finished by late April.

Jaresko said that at present there are 3,300 state enterprises in Ukraine and most of them do not make profit, they do not pay taxes or dividends, and the state spends budget funds to support them.

She said that the successful sale of 3G licenses to mobile communications operators showed that privatization could be conducted in Ukraine.

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