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Owners of privatized SOE in Zhytomyr region invest tens of mln of hryvnias in their development – SPF head
KYIV. Aug 31 (Interfax-Ukraine) – The new owners of privatized state-owned enterprises have invested tens of millions of hryvnias in their reconstruction and development, which confirms the key importance of privatization in the economic growth of regions, Head of the State Property Fund (SPF) of Ukraine Dmytro Sennychenko wrote on Facebook on Tuesday following a visit to the privatized assets in Zhytomyr region.
"The process of converting [state-owned] ineffective assets into effective ones has real and tangible results throughout the country! The new owners have already invested tens of millions of hryvnias in the reconstruction and development of the business. This is an expansion of the tax base and new jobs. Frank conversations with business environment and feedback from local communities constantly confirm that privatization is the key to economic growth in the regions," he wrote.
During the working trip, the head of the SPF noted several enterprises in the region that started economic activities after privatization by private individuals. In particular, Sennychenko noted the start of the Zhako marshmallow factory (Novohrad-Volynsky), which employed more than 430 workers, as well as an elevator with a grain drying complex in the town of Brusyliv is the only granary within a radius of 100 km from the settlement.
The head of the SPF said that on the site of an abandoned building in Novograd-Volynsky, the Lesya garment factory now operates, supplying more than 90% of its products for export to 50 countries. According to him, the company produces over one million products a year and employs 500 people.
At the same time, he recalled that the adoption at the second reading of bill No. 4572 on speeding up privatization, developed by MPs together with the State Property Fund, by the Verkhovna Rada provides for the direction of 10% of the amount received from the sale of small privatization objects to the development of local communities.
