Grand Privatisation in Ukraine: Are There Chances to Get On the Winning Team

November 09, 2017

Looking at the Government bill submitted to the Verkhovna Rada on privatisation of state property in 2018 for the sum of 22.5 billion UAH, it is wise to note that the long-term lack of investment and modernisation of corresponding productions have significantly devalued the capital currently proposed for sale by the government.

Previously, it was planned to conduct privatisation for 17 billion UAH, and now – for 22.5 billion. However, the Government will be unable to reach this number. In case of high starting prices, the sale may not happen at all. We have already had such experience with privatisation of Odessa Port Plant (OPZ), when no investors turned up. Ukraine has assets that it could really sell. However, we should understand that on the overall, the attempt to set prices at their highest does not match the real state of Ukraine's economy.

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Volodymyr Sidenko

Senior Research Fellow


Education:

  • Taras Shevchenko National University, Kyiv, Faculty of International Relations and International Law, Department of International Economic Relations (1977).
  • Doctor of Science in Economics (2000), member of the National Academy of Sciences of Ukraine (2006), author of over 200 scientific articles, including the articles published abroad (the United Kingdom, the USA, Germany, Russia, Hungary, etc.).

Work experience:

  • Research Associate, the Head of the Institute for Social and Economic Problems of Foreign Countries, the Academy of Sciences of Ukraine (1980–1992), Institute of World Economy and International Relations of NAS of Ukraine (1992–2000), Institute of Economic Forecasting of NAS of Ukraine (1992–2005), Institute of Economics and Forecasting of NAS of Ukraine (2005–2012).
  • Advisor on foreign policy to the President of Ukraine (1994–1995).
  • Director of economic programmes of the Razumkov Centre (2001–2004).

Spheres of activity: research on strategy and mechanism of foreign trade, structural transformations of economy, external aspects of economic growth, global economic regulation, international economic integration, international competitiveness, foreign investment, economic relations between Ukraine and the EU and regional groupings in the CIS.

 (044) 201-11-98

sidenko@razumkov.org.ua