Thursday, May 24, 2007

SPF transfers 1.299 bn. UAH to budget

The State Property Fund of Ukraine (SPF), as of May 18, 2007 transferred to the state budget 1.299 bn. UAH (one USD=5.05 UAH), the SPF press service reported.

The transaction included gains from privatization in the amount of 1,056,504,840 UAH

The biggest profits were gained from privatization of 76% parcel of the public joint-stock company HC "LuhanskTeplovoz" and minority parcels of Mittal Steel Krivoi Rog.

In compliance with the law on the national budget of Ukraine 2007, gains from privatization in 2007 are expected to reach 10.587 billion UAH.