Ukraine 2012-2014 Privatization Program Set To Raise Up To $7.5 Billion | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date






Airborne On ANN

Airborne 11.23.15

Airborne 11.24.15

Airborne 11.25.15

Airborne 11.19.15

Airborne 11.20.15

Airborne Hi-Def On YouTube

Airborne 11.23.15

Airborne 11.24.15

Airborne 11.25.15

Airborne 11.19.15

Airborne 11.20.15

EAA/ANN AirVenture Innovation Preview

AIP-#1 Vimeo

AIP-#2 Vimeo

AIP-Part 1 YouTube

AIP-Part 2 YouTube

Mon, Feb 27, 2012

Ukraine 2012-2014 Privatization Program Set To Raise Up To $7.5 Billion

Aircraft Manufacturers To Be Offered To Private Investors

The State Privatization Program for 2012-2014 in Ukraine stipulates the decrease of the share of the state-owned sector in Ukrainian economy until it reaches 25-30 percent of the GDP. Ukrainian law on the respective Program has recently gone into effect and the estimated income from the sale of national companies to domestic and foreign investors over three years is estimated at $5 to $7.5 billion (U.S.), according to a news release issued by World News Ukraine.

Two well-known aircraft producing companies ... Kharkov State Aircraft Manufacturing Company and aircraft manufacturing company Antonov ASTC ... are among entities the Ukrainian government will make available to investors in 2012.

The State Privatization Program for 2012-2014 offers to lower the price of the enterprises for sale to the demand price level. The company's stock will also be split as a way to encourage smaller investors to become shareholders. Ukraine will also decrease existing limitations for privatization of the state-owned companies that significantly curb privatization scale. In addition, 5 to 10 percent shares of strategically important companies and sites will be split in small portions and sold on the national stock market. This will allow Ukrainians to participate in privatization process as well as contribute to the development of Ukrainian stock market.

The process of privatization ... selling off state commercial and other assets in Ukraine ... started in 1992 following the collapse of the Soviet Union.  The Ukrainian government admits that the privatization process faced a number of irregularities, with many companies sold under non-transparent schemes for a price much lower than their market value. One of the first transparent privatizations took place in 2005 when India's Mittal Steel bought Ukraine's Kryvorizhstal, one of the largest steel plants in the world.

In 2011 Ukraine's largest state-owned telecommunications operator Ukrtelecom was privatized. 92.79 percent of the telecommunications giant was sold for approximately USD 1.3 billion.



More News

Airborne 11.25.15: Blue Origin Reusable Rocket!, AMA Reacts, Transgender Pilots

Also: UK CAA, E-Fest 2015, Citizens In Space, Gulfstream G500, Dassault Falcon Jet, CFM LEAP-1A, Tuskegee's Milton Crenchaw ANN Airborne Link: /index.cfm?do=video.playVideo&vid>[...]

SpaceX Rocket Debris Found Near The U.K. Isles Of Scilly

Piece Is A Panel From The Interstage Module From ISS Resupply Mission CRS-4 Launched Over A Year Ago A panel from a SpaceX Falcon 9 booster was found floating in the ocean Thursday>[...]

ANN's Daily Aero-Linx (11.28.15)

National Coalition for Aviation Education The National Coalition for Aviation Education is a membership organization that was formed in 1993 when the founding member groups signed >[...]

ANN's Daily Aero-Term (11.28.15): Flight Recorder

A general term applied to any instrument or device that records information about the performance of an aircraft in flight or about conditions encountered in flight.>[...]

Aero-News: Quote Of The Day (11.28.15)

"The markings show an American flag. It looks like it’s an American rocket and is similar to the unmanned SpaceX Falcon 9 which blew up shortly after take-off from Cape Canav>[...]

blog comments powered by Disqus





© 2007 - 2015 Web Development & Design by Pauli Systems, LC