KIEV, Aug. 28 – The European Bank for Reconstruction and Development supports the new approach of the Ukrainian government towards the privatization of state-owned facilities and continues to discuss the provision of technical help on the issue, EBRD Director in Ukraine Sevki Acuner told Interfax-Ukraine.

"We consider the new approach more sensible and wise. The privatization must be conducted in a transparent way by giving the potential investors time for due diligence… If the sale was conducted in the old way, by putting 5% on the exchange house to determine the price, it wouldn't allow for a full attraction of investors to the market. Only an insider with inside knowledge could 'put money on the table.' The attempt to assess the actual market value of the asset in such a way would be futile," he said.