Business news from Ukraine

Business news from Ukraine

GOVT SEEKS TO CONDUCT COMMON PECUNIARY APPRAISAL OF FARMLAND IN 2018

20 September , 2017  

KYIV. Sept 20 (Interfax-Ukraine) – The government intends to conduct the common pecuniary appraisal of farmland in 2018.
This is outlined in the bill on the national budget of Ukraine for 2018 drawn up by the government.
According to the document, pecuniary appraisal of farmland across the country would allow assessing the land bank and provide for additional payments to local budgets thanks to the sale of rights to state-owned and municipal land parcels. According to the draft budget, in 2019-2018, some UAH 10.5 billion of land rental will be sent to local budgets.
The pecuniary appraisal of farmland will be conducted using budget funds.