In November, the Ukrainian parliament adopted in its very first reading a draft bill geared towards eliminating a moratorium on attempting to sell agricultural land. This can be presently a hot topic in Ukraine. Our Project Manager Nataliya Sjovoll, consequently, asked Dmytro Lyvch from EasyBusiness, that has been earnestly using this dilemma, why it is important for Ukraine to permit the purchase of agricultural land, and exactly what international investors should be familiar with.
1. Aside from the financial freedom to landowners, would you point out three major causes why it is necessary for Ukraine to permit the purchase of agricultural land?
“Starting through the advantages of farming market reform in Ukraine. First it’s the financial impact it can bring in to the Ukrainian economy. Relating to our research that is latest in 2019, land reform in Ukraine may bring yet another 85 billion USD of total GDP development in the second 10 years after opening of the liberalized market. It indicates that the agriculture cost will develop 5 times after a decade, the rent prices will develop also, additionally the income of Ukrainian landowners and citizens generally speaking will develop within the period of the following ten years following the land market reform. Finding its way back to another advantages of the land market reform its recognition that is international of. Because Ukraine is amongst the lowest nations in index of financial freedom and a land market reform is just one of the significant reasons the reason we lies behind the countries that are developed. Ukraine continues to be the only country that is democratic no land market after all. Therefore, the land market reform in Ukraine brings an effect that is positive financial development and worldwide recognition of Ukraine as well”.