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Online timber auction will be launched in April, - Cabinet of Ministers

Source : 112 Ukraine

The project will range from April 2020 until April 2021
12:29, 5 December 2019

Kyivpost

Ukraine’s Cabinet of Ministers has approved the decision on the implementation of a pilot project of selling certain lots of unprocessed timber through the system of electronic auctions "ProZorro.Sale". This was reported by the press service of the Cabinet of Ministers.

It is stated that the project will run from April 2020 until April 2021.

"This will help with fighting corruption and reducing the illicit trafficking of Ukrainian timber," the government said.

The Cabinet also reportedly decided to introduce a single electronic record of Ukrainian timber. This will allow to analyze the domestic consumption market and prevent the uncontrolled illegal logging of the Ukrainian forest.

Related: Desiccation area of woods in Ukraine increases by 400 thousand hectares

"This decision is aimed at ensuring that Ukrainian enterprises can legally and, most importantly, transparently purchase the necessary amount of timber to produce products in Ukraine. And this is job sites, added value from production and, most importantly, reduction of corruption," the Prime Minister stated.

As we reported earlier, Cabinet of Ministers of Ukraine wants to reduce the cost of loans for the purchase of land for agricultural producers in 2020. They will be able to take loans at 3-5% per annum in UAH. This was stated by Minister of Economic Development, Trade and Agriculture Timofiy Mylovanov on his Facebook page.

"The priority for introducing free circulation of land in Ukraine is the reviewal of the value and availability of loans, especially for small producers, who do not have clear financial statements, and therefore credit resources are either very expensive or inaccessible to them," Mylovanov wrote.

Related: Ukrainian oligarch plans to build bizarre ski resort

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