Business news from Ukraine

UKRAINE TRANSFERS FARMLAND TO 72% OF MERGED TERRITORIAL COMMUNITIES

The Cabinet of Ministers of Ukraine as of October 1, 2018 transferred over 938,700 ha of state-owned farmland located outside settlements to 479 (or 72% of the total number) merged territorial communities, according to a posting on the website of Ukraine’s Agricultural Policy and Food Ministry. According to the report, at present, the transfer plan was completed in Zakarpattia, Ivano-Frankivsk, Kirovohrad and Cherkasy regions.
The ministry said that the government would compensate expenses on stocktaking.
“This is a quality transfer, as a result of which the communities receive properly registered land parcels with cadastral numbers, clear boundaries and ready to be taken into the balance sheet. For our part, we expect effective management of this resource by local governments. We will in particular, track the dynamics of rental rates,” First Deputy Minister of Agrarian Policy and Food Maksym Martyniuk said.
In general, until the end of 2018, it is planned to transfer agricultural land to another 183 merged territorial communities.

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