12:01 09.07.2015

State Property Fund head supports concession of state ports instead of sale

1 min read
State Property Fund head supports concession of state ports instead of sale

Head of the State Property Fund of Ukraine Ihor Bilous believes it is inexpedient to sell state-owned port and has spoken out in favor of their concession.

"I personally tend to [their] concession in keeping with international standards rather than to sell," he said at a press conference in Kyiv on Thursday.

According to him, these state-owned assets are liquid and need to remain in state ownership.

At the same time, Bilous said the privatization of the ports requires additional authorization by the Verkhovna Rada and the government only included the ports in the privatization list as a long term plan.

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