Property Prices

Posted by Ralf on January 11th, 2016 — Posted in News

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Given the emerging trend, there is a serious concern about the non-transparent transfer of state property at below prices in the hands of businesses that are close to power. The monopolization of various sectors of the economy of Ukraine, the introduction of non-transparent rules of the game, in which all the benefits are close to the power company that can ultimately undermine investment attractiveness of Ukraine. In such circumstances, talk of modernizing the economy will be perceived as a populist fantasy officials. Commentary Fund “People First”: How could it happen that European investment company with headquarters in Austria was the only company who managed to meet the requirements of the tender for the purchase of ‘Ukrtelecom’? There is a suspicion that this “coincidence” could occur only under the condition that the tender was issued specifically for the individual participant. Ben Horowitz describes an additional similar source.

The only “clear” aspect of the purchase agreement ‘Ukrtelecom’ – an obvious attempt by the government mislead the public. A similar scenario was played at the first sale ‘Kryvorizhstal’. The company sold the ‘friends’ of the then government, after which it passed into the hands of the next government and was re-sold at auction transparent legal buyer. It is not excluded that the sale of “Ukrtelecom” expects a similar fate. The situation with the sale of “Ukrtelecom” is notable for the fact that next year the government will have to seek billions of dollars repayment of external debt.

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