KIEV, April 11 (Xinhua) -- Ukraine will launch a major privatization of government properties next month, a local official said on Wednesday.
"It (privatization) will eliminate corruption at state-owned enterprises and attract investment and new technologies, creating budget revenues and jobs," Vitalii Trubarov, acting head of the State Property Fund of Ukraine (SPFU), wrote on Facebook.
On April 27, the Ukrainian government is set to approve a list of large state-owned enterprises which could be sold to private investors, Trubarov said.
Last month, the SPFU unveiled the list of more than 600 small facilities that would be privatized this year.
The facilities included the assets of government-owned and municipal enterprises. These properties including completed and unfinished buildings would be used to house equipment, objects, items and relics of social and cultural importance.
This year, Ukraine has adopted a new legislation on the privatization of state property, aimed at attracting more investors.
The legislation provides an opportunity for the investors to sign contracts with the Ukrainian government and to settle the disputes with it in accordance to international law.
