Land market in Ukraine to be opened on October 1, 2020, - PM Honcharuk

Source : 112 Ukraine

Prime Minister of Ukraine believes it was inappropriate to sell land earlier
20:24, 19 September 2019

Oleksiy Honcharuk, the Prime Minister of Ukraine

The land market in Ukraine should be opened on October 1, 2020, as Prime Minister of Ukraine Oleksiy Honcharuk reported.

“We open the land market not immediately because we need to prepare for it. I state freely that we thought to do it from July 1, 2020; however, then we consulted with some people, who work with land and they said that it is not a good idea to do it in summer. So, the model that we offer now provides the opening of the market from October 1, 2020,” the PM noted.

Besides, Ukraine’s President Volodymyr Zelensky stated that according to the land market model developed by the government, only Ukrainians will be able to buy land in Ukraine.

Related: Ukraine should focus on land reform and privatization, - IMF

As it was reported earlier, President of Ukraine Volodymyr Zelensky instructed the Cabinet of Ministers to draw up a bill on the land market by October and entrusted the Verkhovna Rada to adopt it and lift the moratorium on agricultural land sale by December 2019. In particular, the government has to develop and submit to the parliament a bill on the agricultural land market and lifting of the moratorium on land sales by October 1, 2019.  

On January 18, 2001, the Parliament adopted law #2242-III, which established that the owners of the land shares cannot sell, present or alienate the land plots in any other ways; however, the lands can be bequeathed or sold for the state and public needs. This decision acts temporarily until the Land Code is adopted.

Related: If land market is introduced, Ukraine might lose major part of its land resources, - expert

The Land Code #2768-III was adopted by the Parliament on October 25, 2001. The document established that it is forbidden to sell or alienate the lands and shares for the farm needs until January 1, 2005 (the exchange, bequeathing and confiscation for the public needs were allowed). This decision is called the moratorium on the sale of land since then. The action of this ban was extended nine times (in 2004, 2006, 2008, 2010, 2011, 2012, 2015, 2016 and 2017).

In December 2017, the MPs extended the moratorium for the sale of the land until January 1, 2019.

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