The Cabinet of Ministers has updated the privatization rules and banned the sale of state property without auctions

The Cabinet of Ministers has amended the rules governing small-scale privatization, making open online auctions mandatory for the sale of leased state or municipal property that has undergone renovation or modernization. From now on, the non-competitive purchase of such properties at significantly lower prices is completely abolished, and prices will be determined solely by the market. 

This was announced by Prime Minister Yulia Svyrydenko.

Previously, property was often leased, funds were invested in repairs, and the property was purchased without bidding, causing communities and the state to lose significant financial resources. According to estimates by Transparency International, the budget lost an average of 45% in revenue through the non-competitive buyout scheme compared to open auctions. To protect the interests of bona fide businesses, the new rules stipulate that the tenant’s verified investments in repairs will be compensated or credited during the final settlement.

The state-owned construction company “Ukrbud” was successfully privatized at an online auction on June 18, 2025, as part of the large-scale privatization program.

The State Property Fund of Ukraine (SPFU) sold a group of non-residential premises in central Kyiv with a total area of 1,727.4 m² at an online privatization auction. Due to high competition, the lot’s price increased nearly 1,042-fold—from a starting price of 347,452 UAH to 362 million UAH.