Over 350 special subsurface management licenses sold in Ukraine via online auctions

In less than three years, the Ukrainian State Service for Geology and Mineral Resources sold 352 special licenses for subsurface management operations, totaling UAH 3.8 billion, via electronic auctions.

The relevant statement was made by the Ukrainian State Service for Geology and Mineral Resources, an Ukrinform correspondent reports.

“For three years in a row, electronic auctions for the sale of special subsurface management licenses have been successfully operating. The online auctions showed an example of transparency, convenience, and efficiency. During the entire period, a total of 352 special licenses were issued through auctions, which generated UAH 3.8 billion in state budget revenues,” the report states.

Every third object was nominated for auctions by business entities from the Investment Atlas, which is an online store with teasers of the prepared vacant sites, consisting of more than 500 objects.

Additionally, regional investment atlases were presented for local communities in 11 regions of Ukraine.

A  reminder that the Ukrainian State Service for Geology and Mineral Resources received UAH 1.654 billion from electronic auctions in 2022.

Photo: geo.gov.ua