Government suggests reducing list of companies not subject to privatization to 551
Ukraine's Cabinet of Ministers suggests that the list of facilities not subject to privatization in Ukraine be reduced from 1,478 to 551, including 273 located on the occupied territory of Crimea and Sevastopol, according to a bill registered in parliament on Tuesday.
The bill introduces temporary protection from the sale of these facilities' property under the procedures that are not related to privatization, in particular, the bankruptcy procedure. The bill suspends the bankruptcy procedure for those companies that are now undergoing it and introduces a three-year moratorium on their bankruptcy.
On the list of the joint-stock companies whose state stakes are not subject to privatization and of the state-run companies that may undergo the incorporation procedure are operator of major hydroelectric power plants Ukrhydroenergo, Ukraine's largest producer of turbine equipment Turboatom, oil and gas giant NJSC Naftogaz Ukrainy with its subsidiaries Ukrtransgaz and Ukrgazvydobuvannia.
The list also includes Ukrainian national nuclear generating company Energoatom, Ukraine's oil pipeline operator PJSC Ukrtransnafta, the Ukrainian railways, the airports of Boryspil and Lviv, gas turbine manufacturer Zorya-Mashproekt, state-run banks Oschadbank and Ukreximbank, PJSC State Food and Grain Corporation, Kyiv-based Radar plant and Kyiv-based Artem state joint-stock holding company (part of Ukroboronprom State Concern).
The bill also suggests that ethyl alcohol production be brought outside the monopoly of the state and competition be introduced in the industry until 2020.
Coal mines and thermal power generation facilities are not included into the list.
