Global changesin social relations, which started in XX century andclearlyoutlinedat the end ofit,have determined changes inproperty relations. Different results,in reformingproperty relations, obtained by various countries, are explained by thechoiceof privatizationobjectives: greater socialequity, increasedcontribution to the budget orincreasing the efficiency ofprivatized enterprises. CurrentlymanyCEE countries,aimed atattracting foreign direct investment and efficiency, have become membersof the EU. Until the globaleconomic crisis their economies were characterized byhigh ratesof development, while the CIS countries were facing a situation when the “aggressive hand” of interestgroupsreplaced the “invisible hand”of the market. Therefore arises a question: what factors, along with the economic objectives, have determinedtheir methods ofprivatization?