Since the beginning of September, 14 small privatization auctions have been held in Ukraine,
said the Minister of the Cabinet of Ministers, Oleg Nemchinov. According to the minister, on average, three participants take part in an auction – both legal entities and individuals. Bidders have offered more than UAH 800M in these 14 auctions. Nemchinov added that privatization processes were restarted at the beginning of September after corresponding legislative changes came into force. In October, the privatization process has continued. “There are two large, 100% state-owned companies, the Vinnytsia Crystal Plant and the Lviv Jewelry Plant. In my opinion, these are quite exciting objects,” said the government official.