The State Agency for Land Resources of Ukraine has finalized the draft law "On land market." In particular, according to Deputy Chief Minister Nikolai Kalyuzhny, the document stated that the owners of agricultural land can only be Ukrainians and legal entities registered in Ukraine. "Foreigners will not have the right to own the agricultural land", - said Mr. Kalyuzhny. He also noted that, to avoid monopolization of the market will be restricted area zemuchastkov, which can hold one master. And the area of plots will vary from region to region. For example, in western Ukraine and Polesie maximum can be purchased "several hundred square meters, and in eastern Ukraine, it would be a hectare. According to Kalyuzhny, due to the fact that the west is less land for farming purposes.
Related article: The new law is designed to protect investorsThe paper introduced the definition of competitions, auctions and set rules for their conduct. Recall, experts have said repeatedly that the absence of clearly defined definitions and puts the results of all land auctions in doubt. "The bill is fully developed, we are ready to on Monday to the Cabinet of Ministers to ensure that the Cabinet instructed the concerned ministries in three days to agree on a bill to make it to the next presidential administration, and from there he gets to the Verkhovna Rada", - says Nikolay Kalyuzhny. He hoped that the Council adopt the bill in the first quarter of 2011 In addition, the state agency is now finalizing a bill on the land registry, which will be registered in the Verkhovna Rada in February and adopted, officials predicted, in the first half of 2011 Mr. Kalyuzhny stressed that the adoption these legislative initiatives will lift the moratorium on the sale of agricultural land from January 1, 2011