On September 6, the Cabinet of Ministers of Ukraine adopted a resolution "On the implementation of a pilot project on the organization of electronic auctions with use of an e-commerce system Prozorro.Sales."

Nowadays, ProZorro.Sales system is the only channel for the sales by the Deposit Guarantee Fund of assets of insolvent banks. Recently, in the system there appeared first items from state and communal enterprises - scrap metal, sand, second-hand consumer goods. The specified resolution of the Government gives official permission to state enterprises, institutions and organizations to sell their assets through ProZorro.Sales. At that, the participation of customers in the pilot project remains voluntary and free of charge.

"ProZorro.Sales is a unique project, as it arose at the intersection of two reforms: of public procurement and state property management. The decree on the pilot project approved today is another step towards the introduction of electronic trade in the property of state enterprises at the state level", commented Stepan Kubiv, First Deputy Prime Minister/Minister of Economic Development and Trade of Ukraine on the adoption of the resolution.

ProZorro. Sales has been operational de facto since September 2016 and has already sold property worth UAH 2.7 billion. It is expected that the system can annually sell property of state-owned enterprises alone to the tune of UAH 7 bln.

"ProZorro.Sales creates transparent and non-discriminatory bidding rules for the sale of state property. This contributes to the development of fair competition and reduces corruption risks. In addition, they provide equal access for potential investors to the information about such property. By now, over 2,000 participants took part in auctions", said Maksym Nefyodov, First Deputy Minister of Economic Development and Trade of Ukraine.

Electronic bids (auctions) will be carried out under the standards, criteria and with using the technology of the ProZorro electronic public procurement system. Upon completion of the pilot project, the Administrator of the Electronic Trading System - Transparency International Ukraine will hand over the final product free to the state property.

The project is financed by the Western NIS Enterprise Fund (WNISEF) that is funding innovative, high-impact, reform focused programs and aims to support Ukraine and Moldova at this critical period by developing sound economic policy and leadership. WNISEF was established by the U.S. Congress and funded by the U.S. government via USAID.