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Ukraine collects over 4 billion hryvni in privatization revenues in Jan-March

April 03, 2012, 22:09 UTC+3
The Fund managed to enlarge privatization revenues for the first time in the past few years in 2011
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KIEV, April 3 (Itar-Tass) —— The Ukrainian budget collected 4.085 billion hryvni (over $510 million) in privatization revenues in the first quarter of this year, the Ukrainian State Property Management Fund reported on Tuesday.

The first quarter of 2012 witnessed record privatization revenues, the Fund said. The entire privatization revenue plan for this year is 10 billion hryvni ($1.25 billion) and the plan was fulfilled at 40% in the first three months, it said.

The Fund explained the success with the tenders selling government shares in energy, machine building and other industrial enterprises.

Earlier the Fund posted a list of enterprises, which might be privatized in 2012. The list included Turboatom, the Odessa port plant and several regional energy companies. There will be privatization tenders for 48 gas distribution grids in May-June. From 1% to 26% of their authorized capital would be offered to private investors. It is planned to sell shares of Sumygas, Nikolayevgas, Krymgas, Kievoglgas and Khersongas.

The Fund managed to enlarge privatization revenues for the first time in the past few years in 2011. The budget collected about 11.5 billion hryvni ($1.44 billion) last year, which was 15% more than the year before.

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