Small privatization already brought UAH 870 mln to state budget – Economic Development Ministry

The state budget has already received UAH 871.4 million from the sale of small-scale privatization facilities through the electronic procurement system ProZorro.Sale.

The Ministry of Economic Development and Trade of Ukraine informed this on its Facebook page.

"Small-scale privatization has already brought UAH 871.4 million to the state budget. At the same time, local authorities earned UAH 466.2 million," reads the report.

As Ukrinform reported, according to the Law of Ukraine "On Privatization of State and Municipal Property," which entered into force in March 2018, privatization took place through the electronic procurement system ProZorro.Sale. This concerns the assets of state and municipal property worth up to UAH 250 million. Small-scale privatization facilities are put for auctions by the State Property Fund of Ukraine and local authorities. The first auction took place on August 17, 2018.