This step is an important part of the government's overall strategy to reduce the state's presence in the economy. Privatization will:
- Minimize the losses the state suffers from dysfunctional businesses;
- give abandoned grain elevators, distilleries and industrial sites a chance for a new life;
- To stimulate the development of the processing industry by giving private owners the opportunity to establish production at state-owned enterprises;
- Increase revenues to the budget of Ukraine in the form of dividends.
Privatization will launch economic growth, ensure the preservation and creation of jobs, creation of added value and GDP growth.
Read more in a column by First Deputy Prime Minister and Minister of Economy Yulia Sviridenko in Ekonomicheskaya Pravda at: epravda.com.ua