Law permitting privatization of Hostynny Dvir in Kyiv officially published

The law foreseeing the exclusion of Hostynny Dvir (The Shopping Arcade) at 4, Kontraktova Square in Kyiv from a list of cultural property sites that are not subject to privatization was published in the Uriadovy Kurier newspaper on August 13, 2012.

This is law No. 5059-VI on amendments to some Ukrainian laws regarding the promotion of mortgage crediting, which also obliges to include expenses on compensation of interest rates on credits of banks or other financial institutions issued to citizens for construction, reconstruction or purchase of apartments in the national budget for 2013 and next years.

As reported, Ukrainian President Viktor Yanukovych has signed a law that foresees the exclusion of Hostynny Dvir at 4 Kontraktova Square in Kyiv from the list of cultural property sites that are not subject to privatization.

Lawmaker Oleksandr Klymenko (Our Ukraine-People's Self-Defense) introduced an amendment under which a point on the alienation of state or municipal land plots of over 50 hectares was included on the list of obligatory pecuniary valuations of land for the placement of public sports and recreation facilities.

Head of Kyiv City Administration Oleksandr Popov reported that the statement of Hostynny Dvir after repairs would not change.

According to him, this concerns neither a change in ownership, nor a change in the architectural type of the project.

"The status of this project according to the project hasn't been changed," Popov said.