Rada unlocks large-scale privatization

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Промышленность
Working process at the Zaporizhstal steel plant, owned and operated by Metinvest, the largest private company of Ukraine, Zaporizhia, Ukraine, on August 2, 2019. Shop hot rolling thin sheet produces hot-rolled steel sheets and coils in thicknesses from 2.0 to 8.0 mm. (Photo by Oleksandr Rupeta/NurPhoto via Getty Images)

The Verkhovna Rada has passed at the final reading government’s bill No. 4543 on unlocking the large-scale privatization process.

257 MPs backed the bill with the required 226 votes.

As reported, large-scale privatization was suspended due to the entry into force of Law No. 540-IX dated March 30, 2020, which, in connection with the quarantine, imposed restrictions on the privatization of large facilities – both preparation for sale and holding the auctions. Bill No. 4543 removes this provision.