Next milestone of land market: January 1, 2013 and beyond
MyLand - 20/12/2011:
Today, on December 20, 2011, the Parliament of Ukraine has passed the law amending point 15 of the Transitory Clauses of the Land Code of Ukraine.
According to the new reading - yet to be signed by the President of Ukraine Victor Yanukovich - market of agricultural lands in Ukraine shall start functioning upon entering into force of the Law of Ukraine on land market but in any case not earlier than January 1, 2013.
Current reading of the principal draft law on land market holds that farmland in Ukraine may be purchased and owned by citizens of Ukraine and the state of Ukraine only. Citizens my own up to 100 ha of arable land. Legal entities may hold arable land under lease only, but not more than 6000 ha within one Rayon and 5% of the area of an Oblast (taking into account all entities united by the control). Farmland owned by the state and procured by it from citizens shall be owned, managed and disposed of by the state land bank the functions of which are still unclear.
Center for Land Reform Policy in Ukraine - 2011Back to news list >>
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