200 million unclaimed compensation certificates have been given to two state companies, Finprom and Derzhinvest. It turns out that this was done for a noble purpose, partial compensation to people for their devaluated accounts in the Savings Bank and to support industry (they promised to make Hr 2 billion for people, which is 1/66 of the total Savings Bank debt), Minister of Industrial Policy Vasyl Hureyev recently stated. The official version of the "compensation" mechanism was also announced: the state is giving the certificates to two state companies and they grant them to the stock operators under mortgage. Operators will purchase enterprise stock and pay with compensation certificates. Moreover, according to Hureyev, the state companies will temporarily own the stock.
According to the Price Waterhouse estimates, this approach suggested by the President will eliminate citizens and financial intermediaries from the privatization process. Experts say also that it will mean nothing in view of the slyly constructed long chain of trading such certificates, which makes it possible to make money both on the certificates and the stock purchased.






