Seven state-owned joint-stock companies are selling their assets at public auctions.

These sales will take place according to new rules regarding online auctions in the electronic trading system Prozorro.Sales, the Ministry of Economy reported. Electronic auctions for the sale and lease of property were announced by Ukrposhta, the National Public Broadcasting Company of Ukraine, Ukrzaliznytsia (UZ), Ukrbud, Ukragroleasing, VSMPO Titan Ukraine and United Mining and Chemical Company.

“The sale of assets belonging to state-owned companies at transparent online auctions is another step towards increasing the efficiency of public asset management. This will also ensure transparency and accountability for the owner of these companies – the state“, said Economy Minister Yuliya Svyridenko.

These state-owned companies have already announced almost 450 auctions. Of them, nearly 250 are asset sales, and another 200 are property leases. The lots include non-residential buildings, production facilities, post office buildings, and office premises in Kyiv, Odesa, Kropyvnytskyi, Zhytomyr, Uzhgorod, and other cities.