Business news from Ukraine

PRESIDENT’S BILL ABOUT FARMLAND TURNOVER IN UKRAINE ALLOWS LEGAL ENTITIES TO PARTICIPATE IN MARKET

The president’s bill about farmland turnover in Ukraine, which should be published within two weeks, allows legal entities to participate in the land market, acting Minister of Agricultural Policy and Food of Ukraine Olha Trofimtseva has said. “The president’s position regarding legal entities is quite liberal and this is one of the disagreements that exist between us. I believe that certain restrictions, safeguards should be established at the first transitional stage, I advocate a phased opening of the market and, accordingly, its phased liberalization,” she said at a press conference.
According to Trofimtseva, the presidential bill is based on the government’s bill.
“The changes that will be made in it concern legal entities, I think we will see it soon, it will be introduced in the Verkhovna Rada as the president’s bill, but this will be the subject of discussion after the first working day of the Verkhovna Rada, after the formation of the new Cabinet [of Ministers]. This is a question of a week or two,” the acting minister said.
In addition, Trofimtseva said that as part of the land reform, at least six or seven bills will be presented that will be aimed at the normal functioning of the land market.

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UKRAINE TO PARTICIPATE IN G7 FOREIGN MINISTERIAL MEETING FOR FIRST TIME

Ukraine’s foreign minister has been invited for the first time to a meeting of the foreign ministers of the G7 countries, which will begin in Toronto, Canada, on April 22, Ukrainian Ambassador to Canada Andriy Shevchenko has told Ukrainian Internet newspaper Yevropeiska Pravda. He confirmed that Ukrainian Foreign Minister Pavlo Klimkin had received an invitation to the meeting from his Canadian counterpart Chrystia Freeland.
“The time has come for serious, strategic decisions on Ukraine and Russia… We are happy that Ukraine will be able to join the difficult but critically needed conversation, and we hope to make a valuable contribution to future joint decisions,” Shevchenko said.
According to him, Ukraine hopes that this conversation will be continued at the upcoming summit of G7 leaders, which will be held in the Canadian region of Charlevoix (Quebec) in June.

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