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ARTICLE · 10 MARCH 2021

Ukraine Improves Concession And Privatisation Legislation

During the last few months, Ukrainian state authorities have adopted a number of regulations regarding concession tenders and auctions on sale of state and municipal property, such as...

UkraineGovernment, Public Sector

During the last few months, Ukrainian state authorities have adopted a number of regulations regarding concession tenders and auctions on sale of state and municipal property, such as:

1. Law of Ukraine No. 1024-IX, dated 2 December 2020, and Resolution of the Cabinet of Ministers of Ukraine "Some Issues on the Use of the Electronic Trading System for Concession Tenders" No. 1210, dated 9 December 2020, which postponed the launch of the electronic trade system until 1 September 2021.

Prior to this date, information on concession tenders must be published on the "Prozorro.Sales" and "Prozorro" platforms.

In addition, based on these recent regulations, a concession tender is conducted without the applicant's pre-qualification, if the concession object's value (including the expected value of the newly created object) is less than UAH250 mln (approx. USD8.9 mln).

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