KYIV, Nov 19 – The opening of the land market would allow Ukraine to speed up economic growth by 0.5-1.5% of GDP a year in the next five years, Lead Economist and Program Leader covering Belarus, Moldova and Ukraine Faruk Khan has said.

"Creating a transparent and efficient land market would contribute to economic growth of up to 0.5-1.5% of GDP in the next five years, depending on the reform scenario and additional strategies. The main channel of influence on the growth process would be an increase in the number of producers of goods with larger added value, he said at a press conference in Kyiv on Tuesday.