National Network of Auction Centers was founded under the technical and consultation help of USAID in February 1995. The Company includes twenty five branches locate in Autonomous Republic Crimea, regional centers of Ukraine and in Kiev. In compliance with Resolution of the Cabinet of Ukraine #2066 dated 25.12.1998   National network of auction centers was transformed into State Joint Stock Company „National Network of Auction Centers”.

For twelve years of work the  objects of activity of the Company have been the following:

1. Provision of rights of citizens of Ukraine for acquisition of shares of objects of privatization by means of  all existing kinds of payments.

2. Provision of a complex of consulting services, performance of work on issues of preparation of an enterprise for privatization and postprivatization support.

3. Support of entrepreneurship, provision of complex of consulting and practical services.

4. Organization and conducting the auctions, bids and competitions on sale of entire property complexes, movable and immovable estate  (including seized, confiscated, ownerless or the property under pawn), properties of enterprises in default, objects under construction, blocks of shares and other security papers, land plots, certificates for the right of property of a land plot (share), right for rent of a land plot (share), authorized by the certificate, raw material resources, other fixed assets.

5.  Sale of property on pawn which is sold according to Laws of Ukraine “About pawn”, “About order of extinction of obligations of tax payers to budgets and state trust funds”, and the property which is sold during forced fulfillment  of decisions according to Law of Ukraine “About execution proceeding”.

6. Organization and conducting the auctions bids and competitions on sale of movable and immovable military estate of Military Forces of Ukraine and other military formations (including for its further complex utilization).

7. sale of movable and immovable military estate  of Military Forces of Ukraine and other military formations (including discarded property), products of complex utilization of military property of Military Forces of Ukraine and other military formations.

8. Purchase and sale of entire property complexes, movable and immovable estate  (including  seized, confiscated, ownerless or the property under pawn), properties of enterprises in default, objects under construction, transport means, blocks of shares and other security papers, land plots, right of property of a land plot (share), right for rent of a land part (share), authorized by the certificate, raw material resources, other fixed assets.

9. Informational provision of citizens, subjects of entrepreneurial activity and state institutions.

10. Activity on stock market.

11. Technological consulting (engineering).

12. Organization of formation and provision of branch state archive of financial intermediates of State Property Fund of Ukraine.

13. External economic activity.

14. Provision of intermediary services at the sale of real estate objects.

15. Provision of services to liquidation commissions, enterprises and state institutions on execution of business failure procedures.

16. Conducting the independent evaluation of movable and immovable property and property rights.

17. Conducting the social researches.

18. Charity and sponsor activity.

19. Provision of representative and intermediary services.

20. Other kinds of activity not prohibited by acting legislation.

Based on the results of the tender of Ministry of Justice of Ukraine dated November 30, 2004   SJSC «National network of auction centers» was established as a specialized trade organization which can perform the sale of the property distrained by state executors. Sale of distrained property on public bids and auctions is performed based on General contract #2  dated 15.12.2004 signed between  SJSC «NNAC» and Ministry of justice of Ukraine about sale of distrained property under penalty imposed by state executors at forced fulfilment of decisions.

SJSC «National Network of Auction Centers» is a member of Association of experts on real estate (realtors) and Land Union of Ukraine.

Also SJSC «National network of auction centers» is an informational agency. According to the agreement with Agency on development of infrastructure of stock market of Ukraine the Company makes public the annual accounts about results of business activities of issuers.

In July 2002 State Joint Stock Company «National Network of Auction Centers» acted as a founder of Universal Commodities and Raw Materials Exchange.