Taras Yeleyko: Due to the standardization of processes, the Fund is ready to ensure the transparent privatization of almost 200 enterprises that just transferred by the Government

Deputy Head of the State Property Fund of Ukraine Taras Yeleyko stated the State Property Fund of Ukraine is ready to carry out the qualitative transparent privatization process of enterprises that are transferred by the Government to the Fund’s governance for further privatization.

In this regard he told about the creation of the Manual on Instructions and Regulatory Documents on Privatization that standardizes and organizes work of all privatization bodies – the Central Fund’s Office, as well as its Regional Offices.

“The document we’ve developed, in a way, is the Bible of Privatization”. It describes every last detail that needs to be taken into account when listing each object for transparent privatization auctions. It will help to standardize our work and ensure fast and transparent preparation of objects, obtained to the Fund’s governance, to attract investments,” Taras Yeleyko explained.

According Taras Yeleyko, the privatization process includes five stages: adding an object to the privatization list; taking an object to the Fund’s governance; preparation for privatization; organizing a sale; marketing.

“To describe these stages we’ve developed and adopted 12 documents: regulations, instructions and rules. They define clearly and in detail every stage of the privatization process. Now objects across all Ukraine will be prepared to privatization with the best possible quality of information disclosure for investments attractiveness,” Deputy Head of the State Property Fund of Ukraine Taras Yeleyko summed up.

The mentioned Manual regulates all the issues related to objects’ preparation for the transparent privatization: starting with orders templates and ending with the camera angle when shooting an object to publish its photo on a website.