The creation of a state holding company and the transfer of state-run strategic enterprises from ministries is included in the list of top priorities of the new government for 2016.

"The formation of supervisory boards, the reduction of a list of facilities that are ineligible for privatization, conducting independent audits at 100% of state-owned enterprises," First Deputy Prime Minister and Economic Development and Trade Minister Stepan Kubiv said presenting the government's steps for 2016 at a meeting of the national Reforms Council.

The government seeks to receive up to UAH 20 billion from privatization with the budget target of UAH 17 billion. The government wants to sell Odesa Port-Side Plant and regional electricity supply companies at transparent tenders, liquidate at least 50 state-run enterprises and introduce free access to information about enterprises.

The document says that the state owns around 3,500 enterprises and only 1,800 of them are operating. 100 largest companies bring almost 90% of total assets and 80% of entire revenue.

A total of 345 companies are placed on the privatization list for 2016. The state potentially can transfer 723 companies for privatization.