Wednesday, August 26, 2015

On Privatisation of Energy Assets in Ukraine

On May 12th 2015, the Cabinet of Ministers adopted Resolution No. 271 “On Conducting a Transparent and Competitive Privatisation in 2015”, approving a list of over 300 state-owned entities subject to privatisation in 2015. Some of the largest companies to be privatised are those belonging to the energy sector. However, Ukraine should not be overwhelmed by the motivation to make quick money for the state budget. Instead, the focus should shift to benefits that the state can secure in the long run.
It is time for Ukraine to finally escape the legacy of corrupt privatisation in favor of oligarchs. The ultimate goal of privatisation in energy sector must always be the development of fully functioning energy markets. Therefore, de-monopolisation must mean ensuring access to the markets for new players. Every asset must be prepared for privatisation to make it as economically attractive for investors as possible long before any privatisation takes place. Read more at http://www.neweasterneurope.eu