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In November, the Ukrainian parliament adopted in its first reading a draft bill targeted at eliminating a moratorium on attempting to sell agricultural land. This really is presently a hot subject in Ukraine. Our Project Manager Nataliya Sjovoll, consequently, asked Dmytro Lyvch from EasyBusiness, that has been earnestly working together with this problem, why it’s important for Ukraine allowing the purchase of agricultural land, and exactly just exactly what international investors should be familiar with.
1. Aside from the financial freedom to landowners, can you mention three significant reasons why it’s important for Ukraine to permit the purchase of agricultural land?
“Starting through the great things about farming market reform in Ukraine. First it’s the financial impact that it could bring in to the economy that is ukrainian. In accordance with our research that is latest in 2019, land reform in Ukraine may bring one more 85 billion USD of total GDP development in the following a decade after opening of the liberalized market. It indicates that the agriculture cost will develop five times after ten years, the rent prices will develop aswell, and also the income of Ukrainian landowners and citizens generally speaking will develop into the amount of the following a decade following the land market reform. Finding its way back to the other great things about the land market reform its worldwide recognition of Ukraine. Because Ukraine is just one of the cheapest nations in index of financial freedom and a land market reform is just one of the significant reasons why we lies behind the developed nations. Ukraine continues to be the only country that is democratic no land market after all. So, the land market reform in Ukraine may bring an effect that is positive financial development and worldwide recognition of Ukraine as well”. Continue reading “Exactly about The purchase of agricultural land in Ukraine”Read More