Ukraine, on anti-graft drive, mulls selling stakes in state firms

December 9, 2014 1:07 PM

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Ukraine, on anti-graft drive, mulls selling stakes in state firms

KIEV (Reuters) - Ukraine will conduct audits of state companies with a view to selling stakes on international markets, Prime Minister Arseny Yatseniuk said on Tuesday, as part of the new government's drive to reform corrupt and inefficient state institutions.

Around 1,500 state firms cannot be privatized by law at present, but the Kiev government will recommend abolishing this rule for 1,200 in an effort to stamp out graft, Yatseniuk said at a government meeting.

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