Privatisation in Ukraine: An Overview for Investors
Privatisation in Ukraine offers investors a rare opportunity to participate in the country’s economic transformation by acquiring state-owned enterprises and assets open to both Ukrainian and international participants.
- Attract private capital and improve the efficiency of state assets
- Stimulate sustainable growth through industrial modernisation and job creation
- Increase budget revenues and strengthen corporate governance
- Reduce corruption risks and ensure a stable, predictable investment environment
- Strategic sectors and high-potential enterprises
- A transparent and competitive sales process
- Fair market valuation and equal treatment of participants
- Clear legal procedures and secure property rights
- Opportunities to modernise acquired assets and expand operations in Ukraine
As Ukraine deepens European integration and global partnerships, privatisation stands at the centre of its economic renewal and fiscal resilience.
This webpage serves as a coordination and information platform — bringing together investment opportunities, key data, and expert support to help investors make informed, confident decisions.
Privatisation in Numbers
Privatisation in Ukraine: An Overview for Investors
The sole authorised government body responsible for conducting the privatisation of state-owned assets - from preparing enterprises for sale to monitoring investors’ fulfilment of post-privatisation commitments. 
A state-owned, internationally award-winning electronic auction system that ensures a transparent, competitive, and corruption-free sales process. All privatisation assets are sold exclusively through this system. Types of Privatisation in Ukraine by Asset Size
Assets valued at up to USD 5.9 million (UAH 250 million) and include:
- Enterprise complexes,
- Blocks of shares;
- Unfinished constructions;
- Social and cultural facilities;
- Individual assets.
Hundreds of these assets are already subject to privatisation, with many more to follow. Auctions are held almost daily.
Assets valued at more than USD 5.9 million (UAH 250 million) and include:
- Enterprise complexes;
- Blocks of shares with over 50% state ownership;
- Asset pools.
These large, often unique assets – many being industry leaders – require significant preparation. Only a few dozen are currently listed.
key privatisation assets
High Potential Sectors
The future success of any acquired enterprise depends on the strength of its sector and the clarity of the new owner’s market vision. Ukraine’s economy features several key sectors that are not only vital for national development but also hold substantial global potential. Investing in these industries contributes to the country’s comprehensive economic growth while unlocking opportunities across related sectors.
Ukrainian Economy Overview and Forecast 2025-2028
Sound investment decisions rely on credible data and a clear understanding of macroeconomic trends. Reliable long-term forecasts not only help investors assess risks and opportunities but also strengthen confidence in Ukraine’s broader privatisation programme and upcoming transactions.
The forecast presented in the Ukraine Macroeconomic Handbook outlines Ukraine’s macroeconomic trajectory for 2025-28 under ongoing Russian aggression and identifies opportunities for recovery once hostilities end. The Handbook offers a comprehensive analysis of main indicators and special features:
frequently asked questions
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What will not be privatised?
Privatisation does not apply to:
- Enterprises that ensure state security;
- Natural monopolies;
- Enterprises providing socially important services or goods that cannot be performed by private businesses.
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Who can be an investor?
Any individual or legal entity, resident or non-resident, may become an investor. Restrictions apply to:
- Persons connected to the aggressor state;
- Persons under sanctions;
- Offshore entities without a transparent ownership structure.
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How is the starting price determined?
- For enterprises and assets, the book value (balance sheet value) is used.
- For blocks of shares, the higher of two indicators applies:
- The nominal value of shares;
- The book value of the enterprise.
Starting prices and privatisation conditions for large-scale privatisation are approved by the Cabinet of Ministers of Ukraine.
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Where to register for an auction?
Registration is available through any authorised Prozorro.Sale marketplace. Each platform provides identical auction information and support.
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How is the winner determined?
The highest bid submitted during the auction determines the winner.
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Can credit funds be used for privatisation?
Yes. The buyer must provide:
- Information about the creditor;
- Documentary proof of the creditor’s agreement to finance the purchase if the participant wins.
- The creditor must meet the same eligibility criteria as the buyer.
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Is approval from the Antimonopoly Committee required?
Yes, in cases specified by competition law. Buyers must obtain approval from the Antimonopoly Committee of Ukraine if the acquisition leads to ownership of 25% or 50% of voting rights or control over substantial assets (a single property complex or structural unit).
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Can a foreign investor pay in foreign currency?
Yes. Non-residents may pay in hryvnia or freely convertible currency from an account in a Ukrainian or foreign bank. If payment is made in foreign currency, the amount is calculated at the official NBU exchange rate on the contract date.
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Can disputes be resolved in an international court or arbitration?
Yes. By mutual agreement, the contract may provide for international commercial arbitration. If the parties do not specify a particular institution, disputes are resolved under the Arbitration Rules of the Arbitration Institute of the Stockholm Chamber of Commerce.
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Legislation on privatisation in Ukraine
- Law of Ukraine “On Privatisation of State and Communal Property”
- Procedure for Electronic Auctions for Small-Scale Privatisation (Resolution No. 432, May 10, 2018);
- Procedure for Electronic Auctions for Large-Scale Privatisation (Resolution No. 183, February 21, 2023);
- List of Large-Scale Privatisation Objects (Directive No. 36-r, January 16, 2019).
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