Agro

Ukraine adopted a bill on the sale of land through electronic auctions

The auctions will be conducted in a unified electronic trading system in real time

The Verkhovna Rada supported in the second reading and as a whole bill No. 2195, which introduces the mandatory sale of land plots of state and municipal property or rights to them through electronic auctions. 272 people's deputies voted for this decision. This was reported by the Ministry of Economic Development, Trade and Agriculture of Ukraine.

"This legislative initiative is an important step in the framework of the land reform, as it ensures the transparent sale of land plots through electronic auctions. Therefore, every Ukrainian will have the opportunity to participate in the auction and purchase land to start his farm. Land auctions will be held in a unified electronic trading system in real time on the Internet," commented Minister of Economic Development, Trade and Agriculture Igor Petrashko.

According to the results of the auction, a contract of sale, lease, superficiation, emphyteussis of the land plot will be concluded with the winner of the land auction, who offered the highest price for the land plot.

The main innovations of the bill:

  • mandatory sale of land plots of state and municipal property or rights to them (lease, superficiation, emphyteusis) through electronic auctions;
  • publication of all documents related to auctions and land plots in the electronic trading system in real time via the Internet, which is publicly available and open and ensures increased efficiency of the organization and conduct of land auctions;
  • transparent and effective disposal of state and communal lands.

It is noted that the implementation of the draft law will improve the mechanisms and procedures for the sale and transfer of state and communal lands to use, will speed up the processes of land sales, increase the economic efficiency of conducting such auctions, and also increase revenues to the state and local budgets.

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