Paper: Ukraine to privatize hundreds of state enterprises.

By bne IntelliNews September 27, 2012
The government has drafted a law that allows privatization of hundreds of state-owned enterprises previously considered strategic, Kommersant-Ukraine newspaper reports. Earlier this week, EconMin Petro Poroshenko said that the government planned to remove about 1,200 enterprises from the list of strategic assets that cannot be privatized. The newspaper says that the draft law removes the ban on privatizing a number of coal mines, oil and gas pipelines, grain silos and other industrial assets. The government also intends to allow privatization of Naftogaz Ukrainy. It is a bold move that could radically change the situation in the energy sector - the director of the Energy Research Institute, Dmitry Marunich believes. - Admission of private capital can significantly improve the situation, but only in the case of transparent privatization and preservation of state control over the sector, he added. Recent years, however, have showed that examples of privatization in Ukraine suggest that such (transparent and competitive) conditions were not always met in a way that maximizes the benefits for the state, VTB Capital analysts added. The parliament could approve the law before the Oct 28 election.

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