The draft was developed by the Ministry of Economy, and the discussion will last until February 7, 2026.
The main changes proposed in the draft relate to clarifying the process of determining the market value of state property transferred to the investor under investment agreements concluded as a result of direct negotiations between the Cabinet of Ministers and investors.
According to the proposed amendments:
- the market value of such properties will be determined taking into account the conditions of the investment agreement, which includes the composition and scope of rights transferred to the investor, as well as the obligations of the parties and other conditions;
- the opinion of the owner of the state property regarding its value, the value of the investment project, and other indicators may be used as supplementary information;
- it is clarified that taking into account the conditions of the investment agreement cannot serve as a basis for classifying the determined value as investment, special, or other non-market;
- it is proposed to amend the standards for the valuation of real estate: when valuing properties transferred under investment agreements, the appraiser must consider the economic impact of the contract conditions, including the rights and obligations transferred by the parties.
In addition, the requirements for the content of the appraisal report will be supplemented to state that the report for the implementation of the investment agreement must include:
- the composition and scope of rights that will be transferred to the investor;
- the composition and scope of obligations of the parties;
- the calculation of costs incurred by the investor.
