Minister of Economic Development, Trade and Agriculture Tymofiy Mylovanov during the parliamentary hearings on land reform issues said what revenue will the land market launch bring to Ukraine, Hromadske reports.
According to the Minister of Economy, the launch of the land market in October 2020 will bring an additional UAH 9 billion to Ukraine only in three months of 2020 (from October 2020 – ed.).
“Normal operation of the land market in just three months of next year will make about UAH 9 billion of additional GDP growth, according to our estimates, which will be about 0.23% of the mirror growth. In 2021, such growth is expected to reach 30 billion hryvnias, and 0.83% of GDP growth,” Mylovanov said.
Mylovanov also added that the government has adopted the procedure for issuing loans to Ukrainian farmers for the purchase of agricultural land on favorable terms and with low interest rates.
Ukranian MP: First, VR will pass law on farmland sale to foreigners, and in 2-3 years, they will hold a referendum.
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