Land Market Will Start Working in Ukraine in 2012
OREANDA-NEWS. June 29, 2011. When land reform starts working, 6.5 million owners of land plots will have the opportunity to receive a real pay for their land, President Viktor Yanukovych said in an interview to leading Ukrainian media.
"Many land owners are now given harvest as pay for their land. If they are paid money, the sum is usually half of what it should be," he said. After the land reform, land would become a commodity having its price, the President added.
According to Viktor Yanukovych, the land reform is aimed at making the use of agricultural land efficient and increasing living standards in rural areas. Land owners will have obligations before their regions and will be paying taxes there. "These taxes will be used to develop the infrastructure of these regions," he said.
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