Ministry of Economy of Ukraine
Benefits and profits from the state enterprises operation should be obtained by the citizens of Ukraine - Aivaras Abromavičius
14.07.2015 | 11:00 | Directorate for relations with state bodies and public
Review Board for the state-owned enterprises’ reform was established in Ukraine for the purposes of overseeing the course and quality of reforms, consulting as to strategic issues and promotion of reform idea not only in Ukraine but in the world. This was told by Aivaras Abromavičius, Minister of economic development and trade of Ukraine, at briefing meeting in the Government House on June 12th.
‘This Review Board will not directly implement the reforms, but will work closely with me and target team of experts, created in the MEDT. The Board includes leading specialists in a field of state management and reforms, experts of the international financial institutions, capital markets, markets of direct investments and from a private sector. They know Ukraine, challenges facing the country, and they are ready to work for the success of the state-owned enterprises’ reform”, the Minister told.
Review Board for the state-owned enterprises’ reform consists of:
- Mark Ivashko, having 17-year experience in Ukraine’s direct investments and being a co-founder of the Direct Investments Fund Horizon Capital (one of the greatest regional players),
- Pavel Tamborsky is the President of the Management Board of Warsaw Stock Exchange, ex-Deputy State Secretary of Treasury in Poland,
- Francis Malige is the Managing Director for Eastern Europe and the Caucasus for the EBRD, having a great experience of work in Eastern Europe, Turkey and the Balkans,
- Qimiao Fan is the World Bank Country Director for Belarus, Moldova, and Ukraine, managing the Bank program in these countries and being engaged in a strategic dialogue with the Government, community leaders and other partners of the Bank in Ukraine,
- Taras Lukachuk is the President of Mondelez Company in the Eastern Europe regions, Middle East and Africa (coffee category), giving a significant work experience in management, business development and investment banking.
Mikheil Saakashvili rules the Board, being the Head of Odesa State Administration and having a great experience in reforms implementation.
“All these years there was a large-scale booty in Ukraine. Ukraine has a stunning potential: industrial, technological, human, put in the state-owned enterprises. But last year they had UAH 100 billion of losses, instead of actually the same profit. This should be terminated. We have to pay good salaries, attract the best managers from the whole world, but of course, it’s better to attract Ukrainians, who can manage effectively for the good of Ukraine”, Mikheil Saakashvili pointed out.
According to the Minister, the Board will be convened once per month in order to follow the course of reforms, to discuss new initiatives and issues, being at work upon the target team, created in the MEDT.
“Ukraine has to reform bravely the state assets management system. It’s important to implement the most advanced practices to guarantee benefits and profit receiving by the state-owned enterprises’ shareholders, i.e. citizens of Ukraine”, Aivaras Abromavičius told.
Composition of the Review Board for the state-owned enterprises’ reform.
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