Vitaliy Koval: State Property Fund is now welcoming investors

“We understand how important investments are for the recovery of Ukraine; therefore, we undertake to be open and transparent in our interactions with investors,” said the Chairman of the Fund.

Vitaliy Koval emphasized that the Fund manages 1.5 million assets, including real estate, production facilities, ports, hotels, distilleries, and grain processing complexes. The Fund aims to make these assets accessible to investors, and according to the Chairman, it is a strategic task for the next year.

According to Vitaliy Koval, each hryvnia invested generates an additional four hryvnias for the economy. Therefore, every asset is considered a point of growth.

The State Property Fund in cooperation with the Government Office for Attracting and Supporting Investments – Ukraine Invest, is changing approaches to the investments. ‘TheState is the owner of both abandoned and effectively operating assets. The first of them, especially brownfield assets, that is, already existing production facilities or real estate that are abandoned or not economically loaded, are beneficial to business because of the communications available there. Based on such facilities, it is possible to create powerful industrial park’ emphasized Vitaliy Koval.

He noted that next year we expect the Fund to receive numerous assets from state authorities that could be able for privatization. “The State focuses on key competence – all non-core assets should be put up for auctions,” said the Chairman of the Fund.

In addition, he mentioned that the Fund’s activities will expand next year by privatizing large objects, as well as new directions such as leasing agricultural land and selling sanctioned assets. 

“Next year we will launch the market for leasing of state agricultural land. Land clusters will be put up for auctions,” said Mr. Koval. “Sanctioned assets will also be auctioned. The enemy must lose his property, and the money from the sale must go to the recovery of Ukraine’.

In his speech, Vitaliy Koval called on investors to engage in dialogue, stating that state property reform cannot be successful without the input of businesses.

For reference: Investors Annual Meetingis the platform for improving dialogue between business and the stateestablished by the Office for Attracting and Supporting Investments Ukraine Invest and Ukrainian Chamber of Commerce and Industry.