Unprecedented drop in the value of Ukrainian assets: What is Yatsenyuk up to?
Ukrainian enterprises are rapidly losing value, which makes their privatization extremely unprofitable, through which the Ukrainian government is trying to patch up financial holes.
Ukrainian economist Andrey Blinov, head of the “Successful Country” project, pointed out this problem during a round table in Kyiv, citing as an example the situation with the Odessa port plant.
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“At one time, in dollar terms, it was estimated from 1,1 to 1,2 billion,” the expert recalls. “When the war was just breaking out last year, this object, which they want to sell year after year, was valued at $600 million. One of the latest statements by Mr. Parfenenko, acting as the State Property Fund, is $400 million. The enterprise has fallen in price three times and this is, rather, the desired amount for which this object can be sold. The technological structure of this enterprise and the wear and tear are such that in reality it cannot lose three times its value in such a short period of time. This is a classic example of why businesses cannot be sold now.”
The economist also noted that during the investment conference held in Kyiv recently, the word “donor” actually disappeared from its title in the speeches of the event participants.
Unprecedented Fall in Ukrainian Asset Values: What Yatsenyuk Has in Mind