Auction commission proposes starting price of almost UAH 1.

The Auction Commission for the privatization of PJSC First Kyiv Machine-Building Plant (formerly Bishovyk), following the meeting on Friday, will send the government a proposal to set a starting price of UAH 1.398 billion, Head of the State Property Fund (SPF) Dmytro Sennychenko told Interfax-Ukraine.

"The privatization of the Bishovyk plant is a chance for a second life for this enterprise, which has more than UAH 500 million in debt. In previous years, production was destroyed, and now the main activity is leasing premises," Sennychenko said.

According to him, the privatization conditions approved by the commission and subject to government approval provide, in particular, for investments in of more than UAH 57 million repair and modernization, preservation of core activities, repayment of accounts payable and debts to wages and to the budget.

The SPF said that representatives of the plant, the state concern Ukroboronprom, the Kyiv city state administration, the Security Service of Ukraine, the State Bureau of Investigations and the privatization advisor KPMG-Ukraine also took part in the meeting of the commission.

Interfax-Ukraine

News about recent political developments in Ukraine, key Ukrainian economic news and major current events in the CIS and the rest of the world.

https://en.interfax.com.ua/

Related news
Ukraine keeps tenth place in world pig iron production.

Ukraine keeps tenth place in world pig iron production.

In January-August 2021, Ukraine produced 14.48 million tonnes of pig iron, taking the tenth place in the world ranking of pig iron producers, Ukrinform reports with reference to the Ukrmetalurgprom Association.

UkrInform

How 'missing White woman syndrome' has real life implications.

How 'missing White woman syndrome' has real life implications.

Mara Schiavocampo explains how intense media coverage of White women who go missing, as in the case of Gabby Petitio, can have real-life implications for women of color who are often not covered by the media. #CNN #News

Battle between moderates and progressives puts Biden agenda at risk.

Battle between moderates and progressives puts Biden agenda at risk.

CNN’s Chris Cillizza and Manu Raju break down the battle between progressives and moderates on President Joe Biden’s infrastructure plan and what it could mean for the future of Biden’s domestic agenda. #CNN #News

President Biden sets plan to donate vaccines to lower-income countries.

President Biden sets plan to donate vaccines to lower-income countries.

President Joe Biden outlined a plan for Covid-19 vaccine donations and a vaccine partnership between the EU and US during his virtual Covid-19 summit at the White House. #CNN #News

Cave Divers Reach Bottom of Legendary Yemen Chasm

Cave Divers Reach Bottom of Legendary Yemen Chasm

A team of Omani cave divers made the first descent to the bottom of Yemen’s fabled Well of Barhout last week. The foreboding well is 30 meters wide and plunges approximately 112 meters below the surface. Despite local legends, the cave exploration...

Biden to donate 500M vaccine doses, calls for ‘all hands on deck’.

Biden to donate 500M vaccine doses, calls for ‘all hands on deck’.

President Joe Biden announced the U.S. will buy and donate 500 million doses of the Pfizer vaccine to low-income countries around the world.

Gabby Petito homicide – Autopsy results in as Brian Laundrie hunt on.

Gabby Petito homicide – Autopsy results in as Brian Laundrie hunt on.

AN AUTOPSY confirmed that the body of Gabby Petito had been found in Wyoming as Joy Reid is slammed for her comments about the case. On September 19, 2021, authorities in Wyoming announced a body was found in the area where the search for Petito h...