Privatisation in Ukraine

Privatisation in Ukraine is the process of transferring state-owned assets to private ownership, which began after the dissolution of the Soviet Union in 1991. This economic transformation aimed to shift Ukraine from a centrally planned economy to a market-oriented system, fostering private enterprise and attracting foreign investment.

Privatization process in Ukraine unfolded in multiple waves, shaped by a combination of political, economic, and legal developments. Initially, the government implemented mass privatization programs in the 1990s, distributing state assets through vouchers and auctions. While privatization facilitated the development of a private sector, it also contributed to the concentration of wealth and political influence among a small group of individuals, often referred to as oligarchs.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.