Online bidding by five companies for a state-owned alcohol distillery increased the price five times yesterday, to $3.9 million

, reported the State Property Fund. The sale of the distillery in Lutsk through is part of a 2-year process to privatize Ukrspirt, the former state monopoly alcohol producer. By the time that all 78 Ukrspirt properties are sold, the Fund expects to raise $35 million for the State Budget.