Farmland market may boost Ukraine’s GDP by 1-2 percentage points in 2021

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The launch of a farmland market will boost Ukraine’s GDP growth by 1-2 percentage points in 2021, and by 3-3.5 percentage points each year through the mid-2020s, Economy Minister Milovanov predicts on Savik Shuster’s Freedom of Speech program.

More than 1,000 foreign-controlled farming companies already cultivate about 5% of Ukraine’s farmland, Economy Minister Milovanov said on Shuster’s ICTV program.

The government plans to start the land market after next year’s harvest, on Oct. 1, 2020.

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