Business news from Ukraine

UKRAINE NEEDS TO BUILD LAND MARKET STIMULATING ECONOMIC DEVELOPMENT – FINANCE MINISTER

6 October , 2016  

KYIV. Oct 6 (Interfax-Ukraine) – Ukraine needs to build the land market that stimulates the economic development of agriculture, Ukrainian Finance Minister Oleksandr Danyliuk has said.

“First we need to decide what the land market will be. Do you think it does not exist? Of course, it is. It exists, but in the way that limits the development of agriculture in the interests of those who now use it. No one thinks about the interests of people,” he said at a briefing.

The minister said the current situation with the land market in Ukraine is formed only by about “twenty” influential people, although many Ukrainians are owners of land.

According to the minister, the formation of a modern land market will facilitate the creation of new jobs in the agricultural sector.