Land and agriculture
Land policy lies at the heart of an active and successful market economy and has a tremendous impact on country’s competitiveness and investment attractiveness. This sphere has always been a pearl and Ukraine’s unique selling point. Completing land reform agenda is impossible without competitive and well-functioning land market. The analysis of the draft law on land market has revealed a number of inconsistencies. The EBA in conjunction with the leading agricultural market players proposed a practical and coherent set of rules aimed at rebalancing land market, land tenure and land tenancy rights. The changes introduced by the lawmakers to the land market regulation set hurdles on the road to installing a healthy and competitive land market and harm agricultural sector development.
This is the only way to balance the rights of all market players, and architect productive and efficient rural market. Importantly, refined law on land market shall help Ukraine boost its agricultural productivity and increase its agricultural sector competitiveness which still lags behind other countries.