Thursday, October 31
Funds raised from privatization have reached a five-year record.
Tuesday, October 3, 2023
Over nine months, the State Property Fund attracted ₴2.7B to the state budget from privatization. This is the highest figure since 2018. So, in the previous five years, on average, privatization brought ₴951M in the same period of time. Earnings for the first three quarters of 2023 exceed this figure by almost 200%.
Since the beginning of the year, the State Property Fund has found new owners for 303 state assets. The Hermitage hotel in Kyiv was the most expensive, which was sold for ₴311M. It is noted that more than 60% of this year’s lots are administrative real estate, which entrepreneurs restore and use to open, for example, new stores, offices, or cafes.
In total, almost 1,600 entrepreneurs have taken part in the auctions since the beginning of the year. More than five bidders compete for each object on average, 60% more than in 2021.
