Business news from Ukraine

AGRICULTURE MINISTRY PREPARING PILOT PROJECT TO SELL 10,000 HA OF FARMLAND IN 2016

11 March , 2016  

KYIV. March 11 (Interfax-Ukraine) – Ukraine’s Ministry of Agricultural Policy and Food is preparing a pilot project to sell 10,000 hectares of agricultural land in 2016.

“We have already launched a pilot project to sell 10,000 hectares of agricultural land,” minister Oleksiy Pavlenko said at the 12th annual investment conference of Dragon Capital in Kyiv.

He noted that to realize the project it is necessary to complete the formation of the cadaster and adopt necessary laws.

As reported, Ukrainian Prime Minister Arseniy Yatseniuk considers it necessary in the framework of the land reform to sell at public auctions one million hectares of land being in state ownership. At the same time, the prime minister did not specify whether he was referring to agricultural land, on the sale of which Ukraine each year extends a moratorium.

The moratorium on the sale or alienation of agricultural land in Ukraine in December 2015 was extended until January 1, 2017.