Ukraine’s Cabinet transfers 530 state-owned enterprises for privatization

Cabinet of Ministers has transferred 530 state-owned enterprises, the total cost of which is more than 512 million dollars, for privatization.

Censor.NET reports citing KMU.gov.ua.

Auctions are scheduled to begin in 2020.

"In almost 4 months, more state-owned objects have been transferred for privatization than in all 28 years of independence," Ukraine’s PM wrote.

Read more: All illegal petrol stations in Ukraine should be closed by Jan 9 - Honcharuk

According to Honcharuk, this will attract investments for a number of state-owned enterprises and will increase wages for employees.