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Kostiantyn Koshelenko: «The State Property Fund works in the interests of society, the state and investors»

On June 16, Kostiantyn Koshelenko, Deputy Chairman of the State Property Fund of Ukraine, took part in a panel dedicated to small  privatization within the framework of the All-Ukrainian Forum «Ukraine - 30».

Kostiantyn Koshelenko spoke about privatization plans for 2021, shared the successes of small privatization, presented an investment menu for the near future and spoke in detail about the mechanisms for participation in transparent online auctions.

In his speech, he focused on certain projects of small privatization, namely: demonopolization of the alcohol industry, privatization of grain processing plants, ports and non-working penitentiary institutions. He also told about successful cases: the privatization of 25 non-performing alcohol assets brought UAH 1.5 billion to the state budget. According to him, the privatization of the Dunaivtsi Grain Processing Plant filled the budget by UAH 227 million, and the privatization of the Lviv Penal Colony No. 48 — by UAH 407.5 million.

«The plan for small privatization for 2021 is UAH 3.7 billion.  The State Property Fund is rapidly moving towards the implementation of this plan,» -Deputy Chairman of the Fundsaid.

Recall that the full list ofthesmall privatization objects contains almost 1,000 objects. It is these objects that currently make up the investment menu, which the State Property Fund distributes among all potential investors.

Separately, in his speech, Kostiantyn Koshelenko focused on the importance of the client-oriented network of regional officesof the Fund, which are open for business in each region.

«We communicate both offline and online.  Information about privatization auctions is actively distributed at meetings with the business environment, through national and regional media, and announcements are also placed on the official pages of regional offices of the State Property Fund. Thanks to the cooperation of the regional officesof the Fund, amalgamated hromadas and Regional State Administrations, the coverage of communities with information on the reform of privatization and lease of state property in Ukraine is increasing», -Kostiantyn Koshelenkosaid.

According to the Deputy Chairman of the Fund, as the results of the global audit of state property, the State Property Fund has identified about 28 million sq.m. of premises that are not used or leased. This area is equivalent to the whole Shevchenkivskyi district of Kyiv or 200 stadiums of the NSC Olimpiyskiy.  Inefficient management of state property costs the state many billions of UAHper year. And there is only one solution to this problem - transparent privatization. That is why the Deputy Chairman of the Fund called on all citizens to join the privatization of state property.

«The State Property Fund has become an open institution for the public, which, observing all the requirements of the legislation, works in the interests of society, the state and investors. Everyone is interested in privatization: investors receive promising assets, the local economy obtains a financial resource in the form of investments in modernization, the local community getsnew jobs,» - Konstantin Koshelenkoemphasized.