Ukraine's State Property Fund boasts of revenue from 2019 small-scale privatization campaign.

The agency and its regional offices put 412 small-scale facilities for sale at online auctions last year.

bank.gov.ua

bank.gov.ua

The State Property Fund (SPF) of Ukraine says national budget revenue from the small-scale privatization campaign in 2019 totaled almost UAH 550 million (US$19.8 million).

Read alsoPrivatization campaign: Book value of Ukraine state enterprises subject for sale exceeds US$3 bln

"Bidding was followed by electronic auctions to sell 331 facilities. Ukraine's national budget in fact received UAH 549,470,530 from the privatization of small-scale facilities," according to a report the SPF published in its Vidomosti Pryvatyzatsiyi privatization bulletin. The document, in particular, noted the effectiveness of an SPF order to streamline auctions to sell small-scale facilities.

Noteworthy, the Fund and its regional offices put 412 small-scale facilities for sale at online auctions last year. Some of them were put up for repeat sale.

As UNIAN reported earlier, some UAH 6 billion (US$216.1 million) is planned to be funneled into the national budget from the small-scale privatization campaign in 2020.

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