You're reading: Reuters: Ukraine to put Odesa plant back up for auction at lower starting price

Ukraine’s government on Oct. 19 approved a plan to put a state-owned fertiliser plant in Odesa back up for auction at over half the price originally sought after the prime minister called for privatisations that did not hurt the country’s image.

The auction of the Black Sea plant is the first major privatisation since a 2014 uprising brought in a pro-Western leadership in Ukraine and could be a test of the government’s promise to implement economic reforms and tackle corruption.

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