Ukraine has participated for the first time in the OECD Working Group on State Ownership and Privatization.

Ukraine is participating for the first Time in the OECD Working Group on State Ownership and Privatization.

The 44th meeting of the OECD Working Group took place on March 19-20, 2025, in Paris. Representatives of the Ministry of Economy of Ukraine presented achievements in state asset management and shared reform plans for 2025.

'Ukraine participates in the OECD Working Group not just as an observer but as a country implementing systemic reforms in state asset management according to international standards. Last year, we made an important step forward - we adopted the Law on Enhancing Corporate Governance and the State Property Policy. These are two key documents that lay the foundation for state company reforms. This year, we are actively continuing this work,' said Deputy Minister of Economy of Ukraine - Trade Representative of Ukraine Taras Kachka.

What has been done so far?

In 2024, Ukraine:

• identified a list of state-owned companies where independent supervisory boards will be established
• formed a list of companies to be transformed into joint-stock companies or limited liability companies
• conducted a triage of state enterprises, determining which companies will remain state-owned and which will be privatized or liquidated

Next steps in state asset management reform in 2025

The Ukrainian government is focusing on seven key areas:

1. Improving the Law on Corporate Governance and the State Property Policy - addressing gaps in legislation according to international standards.
2. Reforming the Nomination Committee - enhancing the selection of independent supervisory board members and appointing state representatives.
3. Addressing privatization issues - updating legislation and preparing a concept for partial privatization.
4. Forming supervisory boards and evaluating their activities - by the end of 2025, at least three supervisory boards are planned to be established: the supervisory board at the State Enterprise 'Forests of Ukraine' is already functioning, next in line are the Ukrainian Danube Shipping Company and Ukrzaliznytsia.
5. Implementing a roadmap for special obligations of state companies (PSO) into legislation.
6. Developing legislation on a centralized model for managing state companies.
7. Creating rules for handling sanctioned assets.

'Ukraine's participation in the OECD Working Group confirms that the reform of state asset management is proceeding according to best international practices. The introduction of transparent rules for managing state assets and improving corporate governance is a key condition for attracting investment in the public sector and its development,' the Ministry of Economy stated.