Anders Aslund: High time for privatization in Ukraine
Workers take a break as they maintain machinery of the second generating unit of the Yuzhnoukrainsk nuclear power plant in the town Yuzhnoukrainsk, Mykolaiv region, 300 kilometres (185 miles) south of Kyiv, on Nov. 25.
Last year, the Ukrainian government recorded 1,833 operating state-owned companies, and another 1,700 that were standing still. These 3,500 companies do not yield any profits; instead, they cause the government vast losses. Any profit is stolen. Sensibly, the government focused on cutting losses and improving corporate governance in 2015. Now, this obsolete junk should be privatized.
