The State Property Fund got in management more than 800 objects.
What will happen to them?

In early October, the government transferred 800 companies with assets worth UAH 45 billion to the State Property Fund. Among them are only enterprises that are not critically important for the state in wartime conditions.

The Foundation will analyze their financial and property status. After that, part of these enterprises will receive a new owner in the process of privatization, investments and will work for the country’s economy. A certain number of enterprises will remain under state management or will be leased. And state-owned companies that are not of interest to business will be liquidated, which will reduce state budget costs.

Among the largest companies transferred in October are “Ukrbud”; “Burevisnyk”, “Konyarstvo of Ukraine”, “Artemsil”, “Pivdenukrheology”; “Expo-2020”, “Myrnogradvugilya”, “Nadra of Ukraine”, “Pervomaiskuvgilya” and “Agrarian Fund”. However, there is no talk of their privatization yet, the Fund’s priorities in the near future are the sale of distilleries and small buildings. So, in October, the Fund is putting six distilleries up for sale.

We remind you that there are approximately 3,300 state-owned enterprises in Ukraine. More than 70% of them do not bring the state any profit (data as of 2021), and their billion-dollar losses are covered by taxpayers from their own pockets.