The State Property Fund of Ukraine adopted the procedure for electronic auction sale of small privatization. This procedure, however, is not applicable to small privatization units, which are to be sold along with a land plot.
Pursuant to the procedure, electronic auction is a sale of small privatization units to the buyer that proposed the highest bid during the real-time auction on the Internet.
A potential participant, in order to take part in the auction, must file an application and register on the web-site of the electronic auction organizer. Afterwards, the participant will receive unique login and password, as well as individual code (electronic ticket). The latter serves as the basis for admission of the participant to the auction.