Mass Privatization is the "mass" sale (i.e. a large number of enterprises sold rapidly) to a "mass" number of investors (employees and the public) of a large percentage of shares (25% to 100% of each enterprise) in exchange for privatization "certificates" distributed free-of-charge to all citizens. In Ukraine, Mass Privatization involves the universe of the country’s approximately 10,000 medium and large industrial enterprises and the distribution (to date) of certificates to 90% of Ukraine’s 50 million citizens.
The most common general criticisms of Mass Privatization are that "certificate privatization has produced no positive results", i.e. that