The small-scale privatization has already brought over UAH 1.06 billion to the state budget of Ukraine, First Vice Prime Minister – Minister of Economic Development and Trade of Ukraine Stepan Kubiv has said.
“In 10 months, small privatization brought the state more than UAH 1.06 billion,” Kubiv said during an hour of questions to the government.
As reported, according to the Law of Ukraine “On Privatization of State and Municipal Property”, which entered into force in March 2018, small privatization takes 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. (Ukrinform/Business World Magazine)
