Shmyhal explains what is needed for success of anti-corruption reform.

It is necessary to implement three vectors of institutional change for the success of anti-corruption reform: reducing the state's share in the economy, developing market relations and creating new competitive markets, reforming fiscal and regulatory agencies.

"The three vectors of institutional change for the success of anti-corruption reform are reducing the state's share in the economy, developing market relations and creating new competitive markets, reforming fiscal and regulatory agencies," Prime Minister Denys Shmyhal said at the All-Ukrainian Forum "Ukraine 30. Economy without Oligarchs", an Ukrinform correspondent reports.

In 2020, the budget received twice as much money as over past two years due to the successful start of "small-scale privatization", he noted. "We have a large-scale privatization planned for this year. Seven large facilities will be sold," Shmyhal added.

He noted that open and transparent privatization helped obsolete enterprises receive investment and helped communities receive new jobs. At the same time, strategic enterprises, which will remain state-owned, will be corporatized.

The Government expects that the redistribution of gross domestic product through budget revenues will decrease from 23.8% to 21.6% in three years.

Regarding the second vector, Shmyhal pointed out a systemic movement towards the creation of energy markets. In particular, the gas market for the population started working from mid-2020. "To date, the gas market is fully operational, it has no corruption threats and risks," the Prime Minister commented.

Shmyhal stressed that now it was necessary to create full-fledged competition in the gas and electricity markets. The emergence of new companies and products should encourage competition and improve the quality of services for consumers, he said.

"Apart from energy markets, the land market will be launched in just two weeks. This is the first step, but this step is historic because Ukrainian citizens will finally be able to freely dispose of their property," Shmyhal stressed.

In the area of reforming fiscal and regulatory agencies, the Prime Minister praised the establishment of the Bureau of Economic Security. "We will do everything possible to make the establishment of the Bureau of Economic Security a new chapter in the relationship between the state and the business," he said.

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