Business news from Ukraine

PARLIAMENT PASSES AT FIRST READING BILL FACILITATING CREATION OF FARMS

9 December , 2015  

KYIV. Dec 9 (Interfax-Ukraine) – The Ukrainian parliament has passed at first reading a bill facilitating the procedure for creating farms.

The bill amending some Ukrainian laws regarding the regulation of some issues of the legal status of farms’ land was supported at first reading by 280 MPs.

The bill proposes facilitating the procedure for creating farms: to revoke obligatory education and experience of work and define the legal status of land parcels of farms as land for commodity agricultural production.

The document proposes that state-owned or municipal land parcels are sold only at land auctions, a mechanism for re-registering leasing rights to land parcels used for farming by individuals is established.