In January-May Privatization Revenues Total USD125 Mn

The State Property Fund (SPF) transferred USD125 mn into the state budget in the January-May period as revenues from the sale of state assets. Concorde Capital: In Jan-Apr privatization receipts amounted only to USD30 mn.Having sold in May a 40% stake in Avdiivka coke and chemical plant for USD93 mn the SPF managed significantly to improve revenues collection from privatization. However SPF’s ability to meet target level of privatization revenues set at USD1.3 bnis still under the question. We are still waiting for adoption of Privatization program-2005.