At today's meeting of the Cabinet of Ministers of Ukraine approved the draft law "On the privatization of state property".

"We want to significantly simplify the process of selling assets - to consolidate legislation in the field of privatization. Refuse a large number of groups of objects of privatization and significantly reduce the time to prepare the facility for privatization, "- said during the meeting, Deputy Prime Minister - Minister of Economic Development of Ukraine Stepan Kubiv.

In turn, Acting Chairman of the State Property Fund Dmitry Parfenenkov said that the bill significantly revises the rules of privatization.

So, instead of 7 existing laws on privatization there will be only one. The terms of preparation of the object for sale are halved: from two years to one year for objects of large privatization, for small privatization - from one year to six months. And instead of the current five approaches to privatization, two are offered: it is a sale at an auction and redemption.

He also noted that it is planned to introduce only two types - large and small privatization objects.

Only large objects with a high potential to attract a strategic foreign investor will be transferred to the first ones - according to preliminary data, there will be about 60 such objects. They will be sold with the help of an investment adviser - one of the investment banks with a reputation. The adviser will study the demand for the object, communicate with potential buyers and offer a starting price.

The objects of small-scale privatization can be realized through open auctions on-line, as it already happens now with the assets of insolvent banks and the non-core assets of state-owned enterprises on ProZorro. Sales. The starting price will be the net asset value (asset value minus the obligation), or 1 UAH, if the net worth is negative. The auction will be held in three stages with an increase in rates.

During the discussion of the bill, Deputy Minister of Economic Development and Trade of Ukraine Maxim Nefedov noted that in 99% of cases in the process of privatization state assets lose their market value, and do not develop.

"At the same time, the budget spends enormous sums annually to support the vital activity of these assets. We offer the already working mechanism of the electronic system ProZorro. Sales, which will make it simple and effective to sell small-scale privatization facilities and return funds to the state budget so that they can be used for others, including social needs, "he said..

The official also noted that the new draft law provides for strengthening the protection of investors' rights, in particular the possibility of applying international arbitration (by agreement of the parties to a foreign law to the contract of sale), the state and attracting a much broader range of buyers.

Earlier, Prime Minister Vladimir Groisman said that in Ukraine there are 3,500. State enterprises, of which only 30% are profitable, and half are bankrupt.

According to the head of government, the state should control only strategic enterprises, and the rest should be sold.