Revenue from the privatization of state property in 2024 increased 3.1 times (by UAH 6.75 billion) compared to 2023, to UAH 9.9 billion, according to the website of the State Property Fund (SPF) of Ukraine. According to the website, in 2015, privatization revenues amounted to UAH 0.2 billion, in 2016 – UAH 0.2 billion, in 2017 – UAH 3.4 billion, in 2018 – UAH 0.3 billion, in 2019 – UAH 0.5 billion, in 2020 – UAH 2.2 billion, in 2021 – UAH 5.1 billion, in 2022 – UAH 1.7 billion, in 2023 – UAH 3.15 billion.
“In 2024, the SPFU managed to set a new record for privatization proceeds,” the agency stated.
In total, last year the Ukrainian budget received UAH 11.1 billion from privatization, in addition to UAH 9.9 billion in revenues, another UAH 1.2 billion was VAT.
At the same time, the sale of small-scale privatization objects brought in almost UAH 3.5 billion, with the most expensive lot being the Kyiv Kozatsky Hotel (UAH 0.4 billion), and two large-scale privatization assets – the capital’s Hotel Ukraine and the United Mining and Chemical Company – provided UAH 6.45 billion in budget revenues.
In 2024, the SPF also began to auction state assets with no book value or zero book value at a starting price of UAH 1. These auctions were highly competitive.
“We offer the market a wide range of objects: from large facilities to single property complexes for business development and real estate. Thanks to this, everyone can find options for investment. Over the past decade, privatization has become more transparent and its results have improved significantly,” said Ivanna Smachylo, acting head of the SPF.
