The Committee on Economic Policy recommends that the Parliament adopt the Bill on State Privatization Program for the years 2008-2012 in its Entirety.

12 December 2008, 15:38

During the preparation of the Bill for the second reading, more than 100 remarks were expressed by the subjects of initiation of a bill of laws, the majority of which were taken into consideration. The propositions made by the President of Ukraine were also taken into account.

According to the Bill (Reg. №2339) it is suggested that the "main principles, aimes and conditions of the state property, property that belong to Autonomous Republic of Crimea and municipal privatizing during years 2008-2012" should be determined.

It was declared that in order to provide maximum effectiveness from the privatization the following ways are suggested "through selling: small block of shares, separately defined objects of fixed property, objects on non-completed building, unprofitable enterprises etc".

It was also stressed for the privatization in years 2008-2012 first of all will be subjected objects "that further staying of which in state possession is non-effective". The Cabinet of Ministers will determine highly liquid objects selling of which will provide the development of the state economy.

In order to raise the liquidity of enterprises and make them more attractive for the potential buyers, the privatization preparation is presupposed by the bill.

The Block of shares selling will be held on auction sale principles.