Prime Minister Denys Shmyhal expects that Ukraine will receive $10 billion of additional investments due to the launch of the agricultural land market.
“The market has actually started its work and I am convinced that within the next year it will have very good prospects, very good development and will give an important impetus to economic development. We expect up to $10 billion of additional investment due to the launch of the agricultural land market,” Shmyhal said at the fourth Ukraine Reform Conference in Vilnius on July 8.
He noted that according to the World Bank’s estimates, the lifting of the moratorium on land sales would increase Ukraine’s GDP by almost 2%.
The Prime Minister also said that more than 300 land transactions had been conducted in Ukraine since the land market was launched. (Ukrinform/Business World Magazine)
