KYIV. Oct 30 (Interfax-Ukraine) – Some 518 farmland parcels with a gross area of 11,960 hectares (ha) were leased out at land auctions in January-September 2015, the State Agency for Geodesy, Cartography and Cadastre reported on Thursday.
According to the report, thanks to leasing out land parcels local budgets would obtain over UAH 16.286 million in rent rates.
“Land auctions are the most transparent mechanism, as well as appropriate from the economic point of view, for managing land. Open competition itself offsets risks of corruption,” reads the report, citing Agency Head Maksym Martyniuk.
He said that local budgets receive three times more funds on average than they spend on the organization of trading.
The largest number of land parcels was leased out to investors in Volyn region – 2,253 ha with annual rent rates of UAH 1.617 million. Some 1,357 ha of land for UAH 1.957 million of annual rent rates were leased out in Ternopil region, 1,862 ha for UAH 3.8 million in Lviv region and 595 ha for UAH 562,000 in Kharkiv region.
However, no land auction was held in Kyiv, Ivano-Frankivsk and Odesa region over the period.
“The State Agency for Geodesy, Cartography and Cadastre has instructed heads of the territorial divisions of the agency to stir up work on holding land auctions,” reads the report.