In the year since the resumption of privatisation in September last year, more than 400 auctions have been held and more than UAH 3.8 billion has been collected for the state budget. This was stated by Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine.

“Despite the full-scale war with russia, we decided last year to resume privatisation. And now we see that it was absolutely the right decision. After all, the main goal of privatisation is economic growth. New owners are coming to abandoned production facilities and investing in their renovation – entrepreneurs are opening new production facilities, creating jobs, setting up product processing and entering foreign markets. We see that despite the war, business is ready to invest in the Ukrainian economy,” said Yuliia Svyrydenko.

Over the past year, nearly 400 entrepreneurs have bought abandoned facilities from the state. 73% of them cost up to UAH 1 million. This means that small businesses are getting production facilities, places to relocate, etc.

Privatisation tenders are now held through the state online sales system Prozorro.Sale, which increases competition among buyers. Currently, the average number of bidders in auctions, i.e. entrepreneurs competing for one property, is 5, up from 2.3, so competition has more than doubled.

Last year, more than 1,700 lease agreements for state facilities were concluded, generating revenues of more than UAH 600 million.

Over the course of the year, the amount of money the state receives each month from renting state property tripled. According to the State Property Fund of Ukraine (SPFU), monthly rental income reached UAH 70 million as of July 2023, compared to UAH 21 million in July 2022.

During this period, more than 600,000 m2 of real estate, or the equivalent of 30 hotels, was allocated for the accommodation of the Defence Forces.

According to the SPFU, the top 5 highest-priced properties brought UAH 1.1 billion to the state budget. They are as follows:

1. Hermitage Hotel – UAH 311 million;

2. Ukroboronresursy – UAH 211 million;

3. Rivnetorf – UAH 205 million;

4. Port of Ust-Dunaysk – UAH 201 million;

5. Lviv Jewellery Plant – UAH 185 million.