Ukraine invites Turkish investors to take part in new privatisation bids

Ukraine encourages Turkish investors to participate in new privatisation projects as Kiev looks to reduce its own investment in the economy, state-run Anadolu Agency reported on Monday.

In an interview with Anadolu, head of the State Property Fund of Ukraine, Dmytro Sennychenko, pointed to the presence of Turkish investors across Ukraine, but said he hoped more will participate in the privatisation wave.

“In Ukraine today there are about 3,600 enterprises for various purposes, inherited from the times of the Soviet Union, ” Sennichenko said. “In particular, these are enterprises in the fields of real estate, agriculture, production of industrial equipment and others.”

“Except for a number of strategically important enterprises, most of them are subject to privatization,” he continued.

Ukraine and Turkey have pledged in recent years to increase their volume of trade and investment. Firms in the countries already collaborate on joint defence projects, but Sennychenko is eyeing a wider field of sectors.

Turkish President Recep Tayyip Erdoğan and his Ukrainian counterpart Volodomyr Zelensky last month met in Istanbul when they released a list of goals for the bilateral relations. One of those was boosting current trade to $10 billion and finalising a free trade agreement that has sought for years now.