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Four stages

Both the IMF and the EU agree that the property sale has been significantly delayed and that there are still many problems that need to be resolved as quickly as possible. On the basis of the memorandum, the Privatization Agency should gain full control over 1,000 properties by the end of the year. The transfer will take place in four stages, i.e. 250 properties per quarter. The first package of properties was transferred in the middle of April.

The government has pledged that it will not transfer properties from one government agency (e.g. a ministry) to another (e.g. municipality) without the consent of the Privatization Agency and the Troika. Along with the sale of property, the Agency is launching electronic auctions for real estate.