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 Adoption of SOE privatization bill to symbolize commitment to reforms, - Ambassador Pyatt

By passing the bill No. 2319-A that will give a start to the privatization of large state-owned enterprises in accordance with corresponding international standards, the Verkhovna Rada will demonstrate its commitment to reforms and fight against corruption, as well as positively affect public spending.

U.S. Ambassador to Ukraine Geoffrey R. Pyatt stated, Censor.NET reports citing Interfax-Ukraine.

Read more: "Privatization was voted down 10th time! Split-up continues!" - Abromavicius commented on voting in parliament

It is important for Ukraine to be brought in line with international privatization standards, which will put an end to state budget's milking by state enterprises, he said. This week, the parliament will have an opportunity to demonstrate Ukraine's commitment to modernization, reforms, and fight against corruption by voting for the bill No. 2319-A, Pyatt added.

As previously reported, on Nov. 23, Minister of Economic Development and Trade Aivaras Abromavicius and Head of the State Property Fund Ihor Bilous urged MPs to pass the bill No. 2319-A which would give a start to the privatization of large state-owned entities. According to Abromavicius, Ukraine's massive privatization campaign should start with the Odesa Port Plant: if the Verkhovna Rada had voted for the bill, the enterprise could be privatized as early as in March 2016.

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Abromavicius argued that keeping such a number of enterprises in state ownership made no sense as they just incurred losses. Bilous, in turn, noted the preparations for the plant's privatization had long been underway and should be completed as soon as possible. "To put it mildly, we have run out of time," he said.
 
 
 
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