Electronic auctions of the first of 716 ‘small’ state-owned companies are to start this month

Electronic auctions of the first of 716 ‘small’ state-owned companies are to start this month, Prime Minister Groysman predicts. A ‘small’ state company is valued under $10 million. Ukraine has 3,450 state companies, half of which are not functioning, says Maxim Nefedov, First Deputy Minister of Economic Development and Trade. Sales will be conducted through an open auction system maintained by ProZorro.Sales. Nefedov hopes the government will earn $115 million from sales in the second half of this year.