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Government puts 339 state companies for sale

They are neither strategic nor unique, it says.

Government puts 339 state companies for sale
Photo: Cabinet of Ministers

The Cabinet of Ministers has put 339 state-owned companies for sale, Economic Minister Tymofiy Mylovanov has said on Facebook.

Their list will be published in several days after it is finally verified and approved.

"None of these 339 companies is strategic or carries out any unique service function. Most of them are in a critical financial condition, unfortunately. To make them effective, they should be handed over to the private sector. For us, it is important to draw investment in the development of these companies and keep jobs for people," the minister said.

Overall, the Economic Ministry has agreed to sell 737 state-owned companies in various sectors.

In September 2019, President Volodymyr Zelenskyy ordered the government to resume large-scale privatization. The first tender is to be held no later than 1 April 2020.

In October, parliament cancelled the list of over 1,000 companies which could not be privatized.

In November, Zelenskyy ordered the government to put 500 companies for sale by the end of year.

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