New 2008 Auction Procedure For Subsoil Use Special Permits

On 17 June 2008, a new auction procedure came into force for the sale of special permits for subsoil use in 2008.

The new auction procedure is prescribed in the Resolution. It is more transparent and straightforward than previous procedures but also gives greater control to the Cabinet of Ministers of Ukraine. The main changes include:

• auction participants now comprise the auction organiser, the auction committee and the bidders
  
  
• the auction organiser — currently the Ministry of Environmental Protection — has taken over the role and functions of the auction operator. It works with regional councils and central governmental bodies to create a list of the areas to be put up for auction