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

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 09.21.17

Airborne 09.18.17

Airborne 09.19.17

Airborne 09.20.17

Airborne 09.21.17

Airborne 09.22.17

Airborne-Unmanned 09.19.17

Airborne-YouTube

AMA 09.21.17

Airborne 09.18.17

Airborne 09.19.17

Airborne 09.20.17

Airborne 09.21.17

Airborne 09.22.17

Airborne-Unmanned 09.19.17

NEW!!! 2017 AirVenture Innovation Preview -- YouTube Presentation / Vimeo Presentation

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.

FMI: www.kmu.gov.ua/control/en/publish/article%3Fart_id=72980&cat_id=32589

Advertisement

More News

AMA Drone Report 09.21.17: AMA Expo West, Parrot Mambo, No Drone Pot Delivery

Also: Drone Injury Study, Cook County-IL, Northeastern Drone Society, Propel Star Wars Drones, GA UAS Integration One of the pinnacle model aviation events of the year is coming up>[...]

RFP: ANN Seeking New Site/Facility For Major Studio Upgrade

It's Official: Aggressive Upgrades For New Airborne Programs WILL Require New Digs It's been in development for years, but we're getting to a point where we think we can pull off s>[...]

Airborne-Unmanned 09.19.17: FAA OKs FL Drone Ops, ICAO Registry?, No Pot Drones

Also: FAA Reauthorization, Medical Drone Transport, USMC Quadcopters, Canister Launched UAS, Atlas Dynamics Airborne, primarily based in Jacksonville, FL is starting to recover fro>[...]

Airborne 09.22.17: Breitling DC-3, World Aerobatic Championships, CFI Training

Also: Egan PLIMP, Aero-Honesty, Orbital ATK, United Airlines 747, New AIA Boss, Bristow Norway, ABS Celebrates 50th Having departed from Geneva last March, the Breitling DC-3 made >[...]

Aero-News: Quote of the Day (09.24.17)

“[My dad] said of himself, ‘I am, and ever will be, a white-socks, pocket protector, nerdy engineer. If you asked the nominees whether they think like engineers, they w>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC