Tuesday, 02 January 2024 12:17 GMT

Ukraine Expects UAH 13B From Privatization In 2026 Svyrydenko


(MENAFN- UkrinForm) Prime Minister Yuliia Svyrydenko announced this on Telegram, according to Ukrinform.

“This year, the government anticipates attracting around UAH 10 billion from private investors through major privatization and another UAH 3 billion from smaller-scale sales. It is an ambitious goal under wartime conditions, but one that was discussed and agreed upon during a meeting with the Ministry of Economy and the State Property Fund,” the statement said.

Among the assets prepared for sale in 2026 is the nationalized Ocean Plaza shopping mall. The auction is scheduled for the third quarter, with an estimated value of about USD 100 million.

In addition to Ocean Plaza, several other major enterprises will be offered to investors, including Demurinsky Mining and Processing Plant, Sumykhimprom, Odesa Port Plant, Hlukhiv Quartzite Quarry, and Mykolaiv Alumina Plant. According to Svyrydenko, some of these assets will be put up for auction as early as the summer.

Read also: Svyrydenko: 25 companies join Ukraine's private air defense initiativ

Meanwhile, small-scale privatization is ongoing. Since the beginning of the year, it has already generated more than UAH 1 billion. All proceeds from privatization, including revenues from nationalized and sanctioned assets, are directed to the Recovery Fund, which finances Ukraine's reconstruction and supports its citizens.

As reported earlier, the State Property Fund of Ukraine has improved the efficiency of privatization auctions, with the share of successful sales rising to 22%.

Photo credit: t.me/svyrydenkoy/2301

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