Ukraine's property fund expects to get US$71 mln from sales of small-scale privatization facilities

Some 49 small-scale privatization facilities have already been sold for a total of more than $1.7 million.

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Acting head of the State Property Fund (SPF) of Ukraine Vitaliy Trubarov says the SPF expects to receive about UAH 2 billion (US$71 million) from the sale of small-scale privatization facilities in 2018.

Read alsoUkraine's property fund puts 210 small-scale privatization facilities up for sale

"The starting price of lots during the auctions increased from [UAH] 18 million to 45 million, and this is a good indicator. Facilities, which are in satisfactory condition and located in cities or in existing industrial zones, are being sold at prices increased by three or four times. In the near future, it is expected to hold auctions for 128 objects with a starting price of almost UAH 318 million [$11.3 million]," he wrote on Facebook on September 18.

According to the official, 49 small-scale privatization facilities have already been sold for a total of more than UAH 47 million ($1.7 million) out of 277 facilities, for which auctions have already been announced.

At the same time, Trubarov added that repeated auctions would be held with regard to almost 100 lots due to lack of applications.

As UNIAN reported earlier, Verkhovna Rada, Ukraine's parliament, passed a bill on privatization of state property on January 18, 2018. Ukrainian President Petro Poroshenko enacted the bill into law in March 2018.

On March 28, the State Property Fund (SPF) of Ukraine approved the list of small-scale privatization facilities that are subject to sale in 2018. The SPF expects to get from UAH 1.5 billion ($53.3 million) to UAH 1.7 billion ($60 million) from the sale of the said facilities.

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