14:12 30.11.2017

EBRD points out importance of launching SOE privatization

EBRD points out importance of launching SOE privatization

 The European Bank for Reconstruction and Development (EBRD) has pointed out the importance of starting the privatization of state-owned enterprises (SOE) to support further economic recovery of Ukraine, EBRD Director for Ukraine Sevki Acuner has said.

He said that the Ukrainian economy has finally stabilized. A stable growth of 2-2.5% a year is seen. Some reforms important for the public are being implemented, for example, health, educational and pension reforms. Active movement and active growth is outlined in some sectors: IT and renewable energy, and investment are growing there, Acuner told reporters in Kyiv on Thursday.

However, the public sector, SOE reform should be resumed and the privatization should be launched. This is will be one of the important reforms next year, he said.

Acuner said that EBRD's plans regarding state-owned banks do not change: they are to be fully commercialized.

The Ukrainian government, namely the Finance Ministry, is now designing a strategy for developing state-owned banks and it envisages the privatization, in particular the majority privatization of Oschadbank, he said. Now they are to determine the strategic direction and the bank will work with these banks until they are fully commercialized, Acuner said.

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