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SPF plans to increase land bank for lease to 300,000 ha by late 2023, manage 100% of SOE – head
KYIV. March 1 (Interfax-Ukraine) – The State Property Fund of Ukraine (SPF) has succeeded in concentrating 70% of the 3,600 enterprises remaining under state control under its management and by the end of the year, the agency intends to transfer the remaining 30% to it, Head of the State Property Fund Rustem Umerov said during a panel from Greek House Davos held in January.
“Now, there is an active discussion about the future fate of state-owned assets – to sell them or leave them in management. But, despite the opinion that not everything should be privatized, at this stage it was decided that 95% of state-owned enterprises (SOE) will be privatized or liquidated through the bankruptcy process after the adoption of relevant bills,” Umerov said.
He also said that the Fund has concentrated 200,000 hectares of farmland over the past six months and plans to increase the land bank to 300,000 hectares by the end of the year, which will allow the SPF to become one of the largest state landowners.
The lands will be leased through electronic auctions, the head of the fund said, presenting further plans for this land bank.
He recalled three years ago, land reform was launched in Ukraine, according to which, from 2024, the land market will be open to foreigners.
In general, Umerov said that the privatization processes have intensified over the past six months and have been quite successful. According to him, soon the state plans to sell assets in the field of agriculture, in particular, plants for processing foodstuff. Among the objects offered for sale, there are also other production assets, real estate, and enterprises from the trade sector, the head of the Fund added.
He said that the agency is also interested in finding strategic partners for enterprises in the field of electricity production, as well as those producing oil and gas.