The main purpose of privatization is to accelerate the country's economic growth. And in this way, they plan to attract direct investment. An investment menu was created on the portal and information on each object was published. According to the results of the auctions, there are new owners. Entrepreneurs mostly take part in the bidding.
The regional branch of the State property fund has already put up for auction the former Transmash plant in Kryvyi Rih. They used to make railway cars, repair and service railway rolling stock.
The State block of shares of Ista-Center PJSC was also put up for auction. Its starting price is over ₴ 27.6 million.
Preparations for the privatization of another 117 objects are underway. Among them, in particular, government stakes, businesses, non-residential premises, unfinished.
State-owned properties are sold online through the ProZorro digital system. Sales and winners are announced publicly and openly.
Privatization of state property has become one of the cornerstones of socio-economic reforms in countries with economies in transition, including Ukraine. Its role in shaping the foundations of a market economy, creating a critical mass of effective private owners is undeniable. In terms of size, the public sector of Ukraine is one of the largest in Europe and at the same time one of the least efficient, which necessitates the reform of its management system.
