Ukraine's State Property Fund (SPF) has fully switched small privatization to electronic trading market platforms, the fund said on its website on Thursday.

According to the report, the decision was made to secure transparency and openness selling the facilities and to attract a larger number of potential buyers.

"Now all auctions to sell state-controlled immovable property, movable property, enterprises, including Dutch auctions, with land parcels or without them, are held only in the electronic form via the official privatization website privatization.gov.ua, with a redirect to the electronic sites of exchanges selling state-run facilities," the fund said.

The fund signed a memorandum of cooperation with eight exchanges. The exchanges will hold online auctions to sell small privatization facilities. The exchange network with which the fund cooperates is gradually expanding.

The fund said that first electronic trading to sell small privatization facilities started in December 2015. Since early 2016 as of August 1, 2016, the fund announced 246 electronic auctions, including nine Dutch auctions.

The SPF said that the share of small privatization facilities of total privatization in the country is 99%.

Auctions to sell small privatization facilities online are held in line with SPF order No. 1325, dated September 9, 2015.