Friday, February 19, 2016

Amendments to the Land Code of Ukraine on land auctions enacted

The Verkhovna Rada of Ukraine supported in the second reading and in whole a draft Law of Ukraine "On amendments to the #Land_Code of Ukraine concerning land auctions" (No. 2279), which makes it impossible to obtain land plots of state-owned and municipal property in rent avoiding land auctions.
The aforesaid decision was supported by 228 MPs of Ukraine.
The bill is aimed at reducing corruption in the process of control of use of land plots of state and communal ownership, as well as optimization of procedures for conducting land sales.
In addition, the adoption of this bill will increase revenues to local budgets.


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