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                        THURSDAY, JANUARY 23, 2020
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Bill contains no restrictions for banks in land purchases, PMs aide says
Journal Staff Report

KYIV, Jan 3 Bill No. 2178-10 on the turnover of farmland prepared for second reading does not foresee restrictions for banks regarding farmland possession, Economic Adviser to Prime Minister Oleksiy Mushak has said.

"Banks will not be subject to the restriction of 10,000 hectares in one hand. About 50 of our banks are ready to lend under land transactions. Accordingly, the restriction of UAH 10,000 would make it possible to lend money for the purchase only to 500,000 hectares, and this is less than 2% of the market," he wrote on his Facebook page on Friday.




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