The SPFU reports on record privatization figures
13 January 09:52
The State Property Fund of Ukraine (SPFU) is making significant progress in the privatization of state property, significantly exceeding its targets. According to the results of its work in 2024, the Fund attracted UAH 9.9 billion to the state budget, which is 2.5 times higher than the planned UAH 4 billion. This was reported by the press service of the SPFU, Komersant ukrainskyi reports.
Among the largest transactions of the year were the sale of the Ukraina Hotel in Kyiv for UAH 2.5 billion and the United Mining and Chemical Company for UAH 3.94 billion. The total proceeds from these two objects amounted to over UAH 6.45 billion, which is 65% of the total privatization proceeds.

The small-scale privatization segment is also active. There were 7 objects with a sale price of more than UAH 100 million each. Among the most expensive lots:
- Kozatsky Hotel in Kyiv (UAH 400 million)
- SE Ivano-Frankivsk Boiler and Welding Plant (UAH 320 million)
- Kyiv Experimental Prosthetic and Orthopedic Enterprise (UAH 165 million)
Particular attention is drawn to the Hryvnivka project, where objects with zero or no book value are put up for sale for 1 hryvnia. Under this program, 26 lots have already been sold for a total of over UAH 11.8 million, with an average number of 8 bidders at each auction.

In total, 377 state-owned objects were privatized in 2024. Compared to 2023, privatization revenues increased by 3.14 times. The total economic effect, including VAT, amounted to UAH 11.1 billion.
It is important to note the increase in competition at the auctions – an average of 5.4 offers per lot, which is 12.5% more than in 2023. The average sale price of the objects increased by 1.6 times from the starting price.

All auctions are held online on the PROZORRO.SALE platform, ensuring transparency of the process. An important requirement for the buyers is that they must maintain the profile of the companies’ operations, jobs and repay existing debts.
As reported , privatization of hotels is not enough for the state: the government wants to allow privatization of state educational institutions.