Business, government want the same — privatization of state-owned property


An aerial view of the Kyiv’s state motorcycle plant on March 4, 2021. The plant was largely unused until tycoon Vasyl Khmelnytsky privatized it in 2012. Now Kmelnytsky uses its territory to build innovation park Unit.City.

Kyiv’s state motorcycle plant used to produce legendary Dnepr bikes, but it had been run-down for years until tycoon Vasyl Khmelnytsky acquired it for nearly $8 million.

Khmelnytsky, however, didn’t buy the plant to manufacture bikes. Instead, he used its territory to build the Unit.City innovative park that hosts tech startups.

Source: www.kyivpost.com

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