10 Years of Prozorro.Sale: The State Property Fund Has Conducted 13,000 Successful Auctions and Generated UAH 28.5 Billion for the State

According to Prozorro.Sale, the State Property Fund of Ukraine ranks among the top three largest auction organizers in the history of the system. During this period, the Fund’s team conducted more than 13,000 successful auctions, generating UAH 28.5 billion in revenues for the state budget.

These results include both privatization and lease auctions organized by the Fund. It is worth noting that the privatization of state-owned assets through Prozorro.Sale began in 2018, while lease auctions were launched at the end of 2020. Since then, open electronic auctions have become the standard for managing state assets.

Importantly, the resumption of large-scale privatization in Ukraine made it possible to return major state-owned assets to the market and attract strategic investors through open competition.

Some of the most valuable privatization assets in Ukraine’s history were sold through Prozorro.Sale. Among them were United Mining and Chemical Company JSC, sold for more than UAH 3.9 billion, and the Ukraina Hotel, sold for more than UAH 2.5 billion.

Over the platform’s ten years of operation, both large-scale and small-scale privatization have become among the most successful areas in terms of funds attracted.

For the State Property Fund, the launch of Prozorro.Sale marked a genuine transformation in approaches to privatization and leasing. What was once associated with closed procedures and non-transparent decisions is now conducted openly, publicly, and under the same rules for all participants.

Thanks to the electronic trading system, the Fund’s auctions have reached a fundamentally new level: free from interference in the bidding process, with equal access for all participants, open competition, and market-based price formation.

We congratulate the Prozorro.Sale team on their 10th anniversary and thank them for a partnership that helps make the privatization and leasing of state property transparent, open, and efficient for both the state and investors.