17:35 08.12.2016

Finding investor for Odesa Port-Side Plant hindered by rampant NBU corruption – MP Taruta

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Finding investor for Odesa Port-Side Plant hindered by rampant NBU corruption – MP Taruta

Until systemic reforms are implemented, no investors will come to Ukraine, according to Verkhovna Rada deputy Serhiy Taruta.

Taruta expressed this opinion in Ukraine's parliament on Thursday, commenting on the failure of the state to sell PJSC Odesa Port-Side Chemical Plant.

The press service of Ukraine's State Property Fund said it stopped taking bids in the tender to purchase 96.567% of the plant on December 6, 2016. No potential buyers tendered a bid.

"Both Poroshenko and Groysman said privatization of the plant was a test of Ukraine's investment attractiveness. It's obvious that Ukraine failed the test. The National Bank of Ukraine (NBU) discriminates against foreign investors. In these conditions no investor will come to Ukraine," Taruta said.

According to the MP, total corruption in government agencies and the NBU became the decisive factor deterring foreign investors from buying the Odesa plant.

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