Photo from UNIAN
The first auction to sell small-sized state-owned assets at a Dutch auction whose relevant legal framework was developed in 2012 is scheduled for August 31, 2015, Chairman of Ukraine's State Property Fund Ihor Bilous wrote on Facebook.
However, he did not specify what assets would be put up for sale.
The aim of holding Dutch auctions in Ukraine is to sell small-sized state-owned property which cannot be effectively managed by the state but is kept in state ownership, Bilous wrote.
UNIAN's memo. A Dutch auction is held based on the concept of price reduction, according to which the auction opens with the highest ask price. This method of the sale of small-sized state-owned assets is regulated by the law of Ukraine on the privatization of small-sized state-owned enterprises.