Small privatization already brought Ukraine about UAH 300 mln – Kubiv

Small privatization already brought Ukraine about UAH 300 mln – Kubiv

As of October 19, the small-scale privatization carried out through auctions ensured the receipt of almost UAH 300 million.

First Vice Prime Minister - Economic Development and Trade Minister of Ukraine Stepan Kubiv said this at the Government’s meeting on Wednesday, an Ukrinform correspondent reported.

“As of October 19, 2018, 200 electronic auctions for the small-scale privatization targets were successfully held. They brought about UAH 300 million,” Kubiv noted.

As reported, according to the law of Ukraine on privatization of state and municipal property, which entered into force in March, the small-scale privatization is held through the ProZorro.Sales electronic system. This refers to the assets of state and municipal property worth up to UAH 250 million. The State Property Fund of Ukraine, as well as local authorities, put objects for sale under the small-scale privatization.


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