Chairman, State Property Fund Valentyna Semenyuk of Ukraine

Yuriy Myroshnychenko, MP from the Party of Regions, lawyer told the IMC.

rules before any auctions take place.

Considering that Semenyuk has opposed the deal from the start and would look for any excuse to malign Mittal, it's impossible to say how much truth, if any, is in the SPF's accusations.

publication close to the Socialist Party, for publishing the articles.

However, Semenyuk received a reprieve in the form of a Presidential decree as Viktor Yushchenko moved to reassert his authority over his erstwhile Orange ally as the power struggle between the two entered a new phase MoreITALY’S INTESA SANPAOLO TO BUY PRAVEX BANK FOR EUR 504 MILLIONIntesa Sanpaolo, an Italian banking group, announced last week that it had agreed to pay EUR 504 million for 100% of Pravex Bank, the Ukrainian bank controlled by the family of Kyiv Mayor Leonid Chernovetskiy.

However, Semenyuk received a reprieve in the form of a Presidential decree as Viktor Yushchenko moved to reassert his authority over his erstwhile Orange ally as the power struggle between the two entered a new phase Valentyna Semenyuk (pictured below, with PM Tymoshenko) was appointed to head up the State Property Fund in April 2005.

Despite the fact that her Socialist Party failed to make it into parliament at the last elections in September 2007, Semenyuk remained in office until a February 6 push to replace her and her entire team which saw Prime Minister Yulia Tymoshenko sign a number of decrees with which she fired three deputy heads of the SPF and launched an official investigation into alleged abuses of office.

Semenyuk said Friday the fund was ready to talk.

Meanwhile, Semenyuk said Thursday that the fund and the Kryviy Rih mill, the newly renamed Kryvorizhstal mill, had signed a compromise agreement over Mittal Steel Co.

SPF chief Valentyna Semenyuk was admittedly surprised by the May 21 Kyiv Commercial Court ruling, which was announced by a court official only five minutes before the auction was scheduled to begin.

Sources inside the SPF confirmed that over the period that Semenyuk has chaired the SPF since the beginning of 2005, the level of bribery has shot up.

Semenyuk said the cabinet passed a resolution which revoked thegovernment's previous decision to create the open joint-stock companyNikopol Southern Pipe Plant.

Semenyuk was more reserved in her comments.

First of all, there are rumors that Valentyna Semenyuk is trying her best to slow down the process for the privatization of large-scale state enterprises.

Valentyna Semenyuk said the near-monopoly positions of the Odessa Port chemical plant, telecoms company Ukrtelekom and some energy firms required the introduction of new privatisation rules before any auctions take place.

The fund will soon take appropriate measures, taking into account the conclusions of the anti-monopoly committee," Semenyuk said in a statement.

Semenyuk had to send her claims to German and Krivyi Rih offices.

New time - Leonid Kravchuk (first president of Ukraine 1991-1994) - Inflation is in Ukraine.