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Ukraine's state property manager resigns (updated)

Ihor Bilous confirmed the news on Facebook

Ukraine's state property manager resigns (updated)
Ihor Bilous
Photo: Photo: facebook / Ihor Bilous

The chairman of the State Property Fund (SPF), Ihor Bilous has tendered his resignation, MP Vitaliy Khomutynnyk (Revival group), said at a Monday meeting of the agenda-setting council in parliament.

The MP said the State Property Fund proved absolutely ineffective, failing to sell enough state-owned assets to even provide for itself in the past three years.

Prime Minister Volodymyr Groysman recently subjected the SPF to severe criticism on more than one occasion.

Later in the day, Bilous confirmed his resignation.

"Today I resigned as chairman of the State Property Fund of Ukraine... The time has come for me to move on. I'm planning a short break, some time with my family. And then I'll get back to what I did before government service," he said on Facebook. 

He added he is planning to "raise investments for Ukraine".

Ihor Bilous has headed the SPF since May 2015. He came to this post after he was scandalously fired from the State Fiscal Service.

On 4 April, parliament summoned Ihor Bilous for a report.