Chief of the State Property Fund Valentyna Semeniuk believes that privatization of state enterprises, including the "UkrTelecom", the Odesa Port Works and the "TurboAtom", is inexpedient. Valentyna Semeniuk told Radio "Era" commenting on the President's statements during his meeting with industrialists and entrepreneurs. These are profitable objects and they should contribute into development of Ukraine, Valentyna Semeniuk said, Cabinet press office reported.

She also noted that the current state of the foreign market is not favorable, as prices for its shares have decreased. The enterprises are likely to be purchased by foreign companies. Before such an acquisition, a bill should be passed on prohibition of privatization of Ukrainian enterprises by foreign companies.

According to Valentyna Semeniuk, the "UkrTelecom's" privatization is lobbied by certain business groups, which work into deliberate slash of enterprise's value. Bankruptcy of the "UkrTelecom" was initiated deliberately, in order to purchase it for a cheap price, Valentyna Semeniuk said. In 2005 the "UkrTelecom" paid 750 M UAH sanctions and 700 M. UAH dividends. This witnesses foreign companies bids to buy the "UkrTelecom", Valentyna Semeniuk stressed.

She also noted that in 2007 the State Property Fund intends to sell as many as 583 state-run enterprises.


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