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                        FRIDAY, APRIL 19, 2024
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Kiev city official discloses plans to return ‘stolen’ privatizations
Journal Staff Report

KIEV, April 14 – The results of Kiev’s privatizations of the past few years are apparently far from final.

Kiev city administration plans to continue work on returning illegally sold assets in courts, the head of the chief Kiev's municipal property department, Dmytro Parfenenko, said.

"We'll return everything that was stolen," he said in an interview with Interfax-Ukraine.

He said that as a part of the Kiev's privatization program for the period from 2007 to 2010, 376 property objects with a gross area of 133,200 square meters and worth UAH 719 million, as well as 14 stakes in companies worth UAH 191.9 million may have been sold off illegally.

"We cannot say that all of the facilities were sold in violation of Ukrainian law, as only the courts can rule on the lawfulness of these actions. However, an analysis of the property sales allows us to draw a preliminary conclusion that most of the facilities were sold in gross violation of the law," he said.




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