At the first stage of economic reforms (1992-1993) the privatization of state housing fund, small and medium enterprises of trade, service, local, light and food industries, automobile transport and construction formed 52268 owners of trade, consumer services, public catering, consumer cooperation entities, 95% of which did not have a legal entity status previously.

At the second stage (1994 - 1996), as a result of a wide-scale privatization of all branches of industry (except the basic ones) including agricultural complex the class of real property-owners was formed. It consisted of 2 million shareholders of privatized enterprises, 3 million owners of personal household plots, 85 thousand owners of private and small enterprises and 14 thousand of real estate owners.

The critical mass of the new class of real property-owners was created, managerial personnel were prepared, and the necessary experience for re-organization of large-scale basic enterprises was accumulated.

Since 1998 the privatization of industrial giants, subsidiary enterprises of fuel and energy complex, chemical, metallurgical and machine-building industries is conducted, and starting from 1999 it's carried out with wide attraction of foreign capital.

Denationalization and privatization in 2000 is characterized as a stage of individual approach in changing ownership form of largest, strategic enterprises of the Republic's economy with wide attraction of international technical and financial consultants.

The main attention in the process of denationalization is paid to provide for the most effective utilization of property, achievement of the best production indicators of privatized entities, wide attraction of foreign investors to this process and creation of the multi structural economy on the basis of privatized property.