Article 35. Openness in the privatization of state property

Information on the privatization of state property and its results shall be published on the official websites of the authorized state body and/or its local authorities, the involved auction organizer and the investment intermediary.

The authorized state body shall be obliged to publish information on the program of privatization of state property on its official website within ten days of its approval or amendments thereto. Information (notice) on the privatized state property shall be published on the official websites of the authorized state body, the organizer of the auction, the investment intermediary at least thirty days before the date of the beginning of the auction or the end of the period of acceptance of applications for the specified state property.

Information (notice) on privatized state property may be published in mass media and social networks.

Information on professional consultants involved in the process of preparing and organizing the sale of state property shall be published on the official website of the authorized state body within three working days.

The tender notice must contain information on the privatized state property determined by the authorized state body and/or its local authorities (depending on the type of state property, the field of activity determined by the authorized state body or its local authorities, as well as the branches of industry, financial indicators of the enterprise, area of land, area of buildings and structures, technical condition, availability of engineering and communication networks, etc.), the date of the auction, the subject of the auction, the procedure for applying to participate in the auction, the criteria established for applicants, as well as information on the starting price, if any, and the procedure for submitting tenders. d.) the date of the auction, the subject and procedure of the auction, the procedure for submitting an application to participate in the auction, the criteria established for applicants, as well as information on the starting price, if any, and other conditions.

Information on the results of the auction (including information on the buyer: for a natural person — name, surname, patronymic, for a legal entity — name, purchase price of the state property and other important terms of the transaction) shall be published by the authorized state body, the organizer of the auction and the investment intermediary in the mass media, as well as on the official websites on which the notice of the public tender was previously published, within three working days from the date of the conclusion of the transaction.