Ukraine invites Turkish investors to participate in new privatization deals

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Ukraine is encouraging Turkish investors to participate in further privatization plans as Kiev seeks to curtail its own investment in the economy, state agency Anadolu reported on Monday.

In an interview with Anadolu, the head of the State Property Fund of Ukraine, Dmytro Sennychenko, highlighted the presence of Turkish investors across Ukraine, but said he hoped more would participate in the wave of privatization.

“In Ukraine today there are around 3,600 companies for various purposes, inherited from the days of the Soviet Union,” Sennichenko said. “These are in particular companies in the fields of real estate, agriculture, production of industrial equipment and others.”

“With the exception of a number of strategically important companies, most of them are subject to privatization,” he continued.

Ukraine and Turkey have pledged in recent years to increase their volume of trade and investment. The companies of the countries are already collaborating on joint defense projects, but Sennychenko envisages a wider field of sectors.

Turkish President Recep Tayyip Erdoğan and his Ukrainian counterpart Volodomyr Zelensky met in Istanbul last month when they released a list of goals for bilateral ties. One of them was to increase current trade to $ 10 billion and finalize a free trade deal that has been sought after for years now.



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