A village in the Novoselytsa district of Chernivtsi, five kilometers from the Romanian border, goes down in history as selling the first ‘small’ government owned asset through the online ProZorro

A village in the Novoselytsa district of Chernivtsi, five kilometers from the Romanian border, goes down in history as selling the first ‘small’ government owned asset through the online ProZorro auction system. “A complex of non-residential buildings” — a granary, a well and workshops totaling 948 square meters — was sold for the hryvnia equivalent of $7,764. Auctions have been announced on ProZorro for 200 ‘small’ properties – under $9 million each. Maxim Nefyodov hailed the first mini-privatization as “opening up great opportunities for the regions.”