Small-scale privatization secures UAH 870 mln in budget this year

Since the beginning of 2019, small-scale privatization has secured about UAH 870 million in the state budget of Ukraine.

"For eight months, small-scale privatization has secured UAH 870 million in the state budget. There have been 748 successful auctions," First Vice Prime Minister of Ukraine - Minister of Economic Development and Trade of Ukraine Stepan Kubiv said at a briefing, an Ukrinform correspondent reports.

According to the Law of Ukraine "On Privatization of State and Municipal Property", which came into force in March 2018, small-scale privatization takes place through the ProZorro public e-procurement system. Small-scale privatization concerns the state and municipal property assets worth up to UAH 250 million.

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