Shmygal announced mass launch of privatization from September 1

From September 1, privatization should start en masse in Ukraine.

As reported by Ukrinform with reference to government portalPrime Minister Denys Shmyhal emphasized this during a conference call with regional leaders.

“The President of Ukraine set the task to launch privatization from September. To this end, the Verkhovna Rada adopted the relevant legislation, the government developed all by-laws. We must make this process as fast as possible,” the head of government said.

At the same time, according to the Prime Minister, the state is launching grant programs to motivate businesses and people to create jobs as much as possible.

Read also: Privatization procedures nowb last 25 days instead of 100Shmyhal

“Small-scale privatization, especially in regions where people in villages and towns know objects that have been standing for years and have been used inefficiently, is designed to make it possible to buy these premises at a fair price and start work,” Shmyhal stressed.

It is noted that privatization will also allow expanding production for farmers. The Ministry of Economy reported that in early September, according to the schedule, auctions for elevator capacities and bakeries will be announced. Market operators who see a shortage of capacity will be able to take part in these tenders.

As reported, privatization procedures in Ukraine will now take 25 days instead of 100, and the relevant documents can be signed electronically.

Read also: AT Ukraine became less state enterprises, prohibited to privatizationsolution glad

On July 28, the Verkhovna Rada passed a law designed to speed up privatization processes during the introduction of martial law. In addition, the Verkhovna Rada excluded a number of state-owned enterprises from the list of prohibited privatizations.

Photo: Government Portal

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