OREANDA-NEWS. February 24, 2016. Ministry of Economic Development and Trade of Ukraine launched a competitive selection process to fill the posts of directors at four major state-owned companies, the press service of the Ministry reports.

In particular, these include the Centrenerho, the Ukrposhta, the plant Electrotyazhmash and  the Ukrenerho companies.The deadline for applications is 15 March 2016.

The competition will be held under the new procedure of competitive selection of chairmen to manage particularly important enterprises for the economy of Ukraine, which was approved by the decree of the Cabinet of Ministers.

The selection process shall be carried out in 2 stages. In the first stage the Nomination Commission will assess applicants and select 2 to 5 candidates. In the second stage, the Nomination Committee will select among the finalists the most qualified candidate and recommend to the Cabinet this particular candidate for an appointment.

The Nomination Committee consists of five Ministers and five independent experts.