Ukrainian Prime Minister Arseniy Yatsenyuk supports the continuation of the privatization and the necessity of focusing on regulatory and supervision functions by the state.
“The government should not have a dozen of companies… We should give them to the market and sell them. The function of the government is the regulation and no more: to set rules and control their fulfillment,” he said at a meeting with top managers of Dnipropetrovsk and Zaporizhia regions.
Yatseniuk said that experience in management of state companies shows that relatives, friends who are selected not taking their professionalism as the main feature are selected top managers of the companies.
The premier said that the analysis of operation of large state companies and holdings showed that their operation is not only inefficient, but they have large debts and a problem of theft. He said that in particular, 15 billion cubic meters of natural gas disappeared from the storage facilities of Naftogaz Ukrainy, and at one of the state companies that received $1.5 billion of a foreign credit, there was only $170 million left, while it should have been $1.08 billion.
Yatsenyuk said that he sets the task to decapitalize higher official posts in the state, removing the oligarch merger of power and business.
As reported, after power reshuffling in Feb. 2014, the State Property Fund of Ukraine temporarily suspended the privatization processes in the country, waiting for the position of the new government on the issue.
