It is noted that this is a necessary final stage in the implementation of the Land Bank project before the official launch of the first online auctions for state land leases.
The State Property Fund of Ukraine has completed the corporatization process of the State Enterprise Agrarian Investment Fund, creating on its basis the State Land Bank LLC. The press service of the State Property Fund reported this on Thursday, August 22.
It was the first state operator of agricultural land. The newly created society is 100% owned by the state. It is noted that this is a necessary final stage in the implementation of the Land Bank project before the official launch of the first online auctions for state land leases.
The head of the State Land Bank LLC, Yaroslav Yaroslavsky, emphasized the economic benefits, noting that the mechanism for using land plots is changing significantly. Instead of 1% of the standard monetary assessment for permanent use, the rental rate will be 12%. He added that it will increase the budget revenues by at least 12 times.
It is expected that the implementation of the Land Bank project will significantly increase the efficiency of the use of public lands, increase revenues to the state budget, through which the Defense Forces of Ukraine are financed, and create clear conditions for all market participants.
We remind you that the State Property Fund of Ukraine has announced online auctions for large-scale privatization of the state electronic trading system Prozorro. The first lots were the capital’s Ukraine Hotel and the United Mining and Chemical Company.
Source: korrespondent
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