UKRAINIAN PARLIAMENT’S ANTI-PRIVATIZATION MEASURE INVALID; PROGRAM NOT AFFECTED.

Publication: Monitor Volume: 3 Issue: 209

Ukrainian prime minister Valery Pustovoytenko, presidential administration head Yevgeny Kushnaryov, and State Property Fund (SPF) chairman Vladimir Lanoviy have all announced in the last two days that the parliament’s November 4 resolution, which purported to suspend industrial privatization, has no legal force; and that the government will therefore go ahead with its privatization program. (See Monitor, November 5) Under the constitution, parliamentary "resolutions" — as distinct from laws — are internal documents of the parliament and lack legal effect. The privatization program, however, has been enacted as a law and consequently remains in force, unaffected by the parliament’s resolution. The officials further stated that SPF will continue negotiating and concluding sale-and-purchase agreements with private investors, focusing on large industrial enterprises to be auctioned for cash. "The full legal framework for that is in place," Lanoviy pointed out. And Kushnaryov announced that Ukrainian president Leonid Kuchma is preparing a decree that would expand the opportunities for foreign companies to participate in the privatization of state property and retain profits afterward. (UNIAN, DINAU, Eastern Economist Daily, November 5-6)

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