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Small-scale privatization ongoing with UAH 1 billion already transferred to the budget

Since 19 August, when the small-scale privatization process was resumed, the State Property Fund held more than 120 auctions on Prozorro.Sale platform. The winning bids totaled UAH 1.8 billion, of which UAH 1 billion has already been transferred to the Ukrainian budget. 

“Small privatization is a strategic step of the Government to reduce the share of the state in the economy. The transfer of loss-making state-owned enterprises into private hands is not only funds to replenish the budget but also an additional incentive for economic development. New efficient owners will modernize production and create new jobs. And this, in turn, should ensure GDP growth and revenues to the budgets of all levels,” said First Deputy Prime Minister – Minister of Economy of Ukraine Yuliia Svyrydenko.

According to the Chairman of the State Property Fund of Ukraine Rustem Umerov, Ukrainian businesses demonstrate high adaptability to the current difficult conditions and are ready to participate in privatization even during the missile attacks by the russian federation.

By the end of the year, the Fund plans to hold about 80 more auctions, and in 2023 – to resume the Great Privatization.

“According to the results of the auctions, we see that businesses are adapting to work in the face of power outages and possible blackouts. Competition at auctions for the privatization of state-owned property remains at a high level – 4 to 5 participants on average compete at the auctions,” said Oleksii Sobolev, Director of Prozorro.Sale SE.

Online auctions and the system will work to support the economy, regardless of power outages or blackouts all over Ukraine. For auction participants, more than 40 platforms in the system are their points of invincibility, which are ready to consult on any issues.

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