Last year, the Ukrainian government recorded 1,833 operating state-owned companies, and another 1,700 that were standing still. These 3,500 companies do not yield any profits; instead, they cause the government vast losses. Any profit is stolen. Sensibly, the government focused on cutting losses and improving corporate governance in 2015. Now, this obsolete junk should be privatized.Ukraine’s privatization discussion has dealt with a few major enterprises of great value—primarily, the largest fertilizer manufacturer, Odesa Portside Plant, and Centrenergo, the only remaining electricity-generating company—in the hope of reaping large state revenues. However, anything sold just after a crisis will be cheap. Any …read more
Source: Atlantic Council
