A draft bill aimed at removing a moratorium on selling agricultural land in November, the Ukrainian parliament adopted in its first reading. This will be presently a topic that is hot Ukraine. Our venture Manager Nataliya Sjovoll, consequently, asked Dmytro Lyvch from EasyBusiness, that has been earnestly working together with this matter, why it is necessary for Ukraine to permit the purchase of agricultural land, and just just what international investors should know about.

1. Aside from the financial freedom to landowners, could you point out three major causes why it’s important for Ukraine allowing 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. Relating to our research that is latest in 2019, land reform in Ukraine may bring an extra 85 billion USD of total GDP development in the following a decade after opening of a liberalized market. This means that the farming price will develop five times after a decade, the lease prices will grow too, additionally the income of Ukrainian landowners and citizens generally speaking will develop within the amount of the following a decade following the land market reform. Finding its way back to another advantages of the land market reform its international recognition of Ukraine. Because Ukraine is amongst 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 countries that are developed. Ukraine continues to be the only country that is democratic no land market at all. Therefore, the land market reform in Ukraine may bring a good influence on financial development and worldwide recognition of Ukraine as well”.

2. Can you additionally mention the key dangers of starting the land marketplace for purchase?

“To be truthful you will find very little dangers. Fortsätt läsa →