Saturday, 15 June 2024 21:16
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Kyiv to sell state owned company to fund the war
IP - Beginning this summer, the government will auction some 20 state-owned companies, including Hotel Ukraine, a vast shopping mall in Kyiv, and several mining and chemical companies. The privatization push has two main goals: to raise money for a state budget that is short $5 billion this year for military spending and to strengthen Ukraine’s flagging economy by attracting investment that will, officials hope, make it more self-sufficient over time, New York Times Reported.