September 19, 2019 / 7:57 AM / a month ago

Ukraine PM says land market could open up in October 2020

FILE PHOTO: Newly-appointed Ukrainian Prime Minister Oleksiy Honcharuk attends a meeting at Presidential Administration headquarters in Kiev, Ukraine September 2, 2019. REUTERS/Valentyn Ogirenko

KIEV (Reuters) - Ukraine’s land market could open up in October 2020 after parliament lifts a ban on selling land, Prime Minister Oleksiy Honcharuk said on Thursday.

His government also hopes that the central bank will continue cutting interest rates to make it easier for Ukrainians to buy land.

“The current model assumes that the land market will be open in October next year,” Honcharuk said.

Speaking at the same meeting with agriculture businesses, President Volodymyr Zelenskiy said only Ukrainians and Ukrainian companies, not foreign buyers, would be able to buy land.

Reporting by Pavel Polityuk; writing by Matthias Williams; editing by Jason Neely

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