KIEV, Jan. 23 - Ukraine's Cabinet of Ministers has proposed the introduction of amendments to the current legislation on privatization to make the privatization process more transparent, Prime Minister Yulia Tymoshenko said.

"The draft law we propose envisages the introduction at the legislative level of transparent, clear auctions on privatization of state-owned property," Tymoshenko said at a government meeting on Wednesday while speaking about the cabinet's intention to consider a bill of amendments to certain legislative acts on privatization.