Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Ukrainian Government to Create State Land Bank, Kommersant Says

Don't Miss Out —
Follow us on:

July 7 (Bloomberg) -- Ukraine’s central bank and the Agriculture Ministry are preparing a draft law to create a state land bank to buy agricultural plots from farmers, Kommersant-Ukraine newspaper reported, citing Serhiy Timchenko, the head of the state agency for land resources.

The bank will either auction or lease agricultural lands in its portfolio, the newspaper reported. The government may allocate 5 billion hryvnia ($630 million) for the project, according to Kommersant.

To contact the reporter on this story: Kateryna Choursina in Kiev at kchoursina@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net.