Kyiv city administration will insist on the privatization of municipal stakes in Khreschatyk Bank, Kyivspetstrans and Metrovahonservice companies, the head of the chief Kyiv's municipal property department, Dmytro Parfenenko, has said.
"The issue of the inclusion of the companies [into a list of companies that are subject to privatization] will be decided when the privatization program for 2011-2012 takes effect," he said in an interview with Interfax-Ukraine.
"How do you think is it possible to raise Hr 1.38 billion having nine stakes and 150 premises? Of course, the list that we propose has very attractive companies and facilities, but there are few of them… It is unreal to realize the target for 2011 without facilities that can ensure serious funds inflow," he said.
As reported, Kyiv council on March 31 approved the privatization program for 2011-2012 and excluded a 24.525 percent stake in public JSC Khreschatyk Bank, a 25.99 percent stake in Kyivspetstrans and a 51 percent stake in Metrovahonservice from it.
The deputy head of Kyiv City Administration, Oleksandr Puzanov, said that the program initially foresaw city budget revenues from privatization at Hr 1.4 billion. However, due to the fact that Kyiv council excluded the stakes in Khreschatyk Bank, Metrovahonservice and Kyivspetstrans, the privatization revenue target could not be fulfilled, he said.
He added that this year revenues from privatization to the city budget are planned at Hr 1.34 billion. According to a preliminary assessment, the value of the stake in Khreschatyk Bank is around Hr 190 million and Hr 400 was to be raised from its sale. In addition, the city budget planned to obtain some Hr 50 million from the sale of the stake in Kyivspetstrans and Hr 10 million from the sale of the stake in Metrovahonservice.
