Public Auction

 

The public auctions may be attended or unattended. The organization and the conduct of the public auctions  are charged to an auction commission. The auction documents  are approved by the Privatization Agency simultaneously with the adoption of the Decision on Sale that is published in the Official Gazette and in at least two central newspapers. The documents specified the deadline for the purchase of the privatization documentation and for the deposition of offers, the initial auction price, the bidding step, the amount of the deposit, and the date and the time of the auction. After the start of the auction, the auction commission shall open in public and shall peruse the offers. The head of the commission shall announce the candidates that are admitted to the bidding.