Again about the Land and Freedom.

Published: 30 June 2000 y., Friday
As is known, 47th clause of the Lithuanian Constitution limits the sale of the land to foreigners: they are not authorized to get farmland. But this contradicts to the Amsterdam agreement of 1997 of EU, which proclaimed the right to citizens of Community be engaged in business in territories of the countries included in it without restrictions. And, hence, can become an obstacle in a way to the cherished purpose.

In the Seimas and behind its limits the discussions on this question have already begun. On Tuesday a line of outstanding agricultural experts (V.Velikonis, M.Prontsskus, as P.Aleknavivchjus) have made joint statement in which have stated the approach to the decision of the given problem. According to them, the cancellation of any restrictions for foreigners means that the land will be sold very cheaply, as the market of farmland in Lithuania was not formed yet, and the prices are very low. Therefore the land can become an object of speculation. And so it is at that moment when only less than half of applications of the Lithuanian citizens on restoration of the property are complied.

According to V.Velikonis, such an important question requires preliminary approval on a referendum, which is offered to be carried out on a day of parliamentary elections, that is on The 8th of October. Before starting sale, careful inventorying of the land taking needs of development into account is to be carried out, and the determination of zones where the land is not the subject to sale (for example, territories of national parks, reserves, areas of industrial development, military objects etc.), too. In view of internal needs, in the future, it is necessary to limit its sale to foreigners with quotas annually. Thus, to an agricultural farms no more than 1000 hectares should be sold and to a farmer – no more 150 hectares (and this is not only for foreigners). Besides, to establish the order at which the buyer of the land should present the project of its land-tenure system with perspective of development.

Well, and to avoid speculation and transferring of farmland under other purposes, first of all, it is recommended to license sale of the land, having charged the state commission by the Ministry of Agriculture with the issuing of authorizations. Secondly, if the owner of the land starts using it not properly, to raise an additional payment at a rate of that difference on which it is quoted in the market in the new virtue (for instance, an area for building, the price on which sharply grows);or to redeem back compulsorily at the price of sale.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Georgia: Kakheti Regional Road Improvement Project

The Kakheti Regional Roads Improvement Project for Georgia aims to reduce transport costs and improve access and traffic safety for the Kakheti regional roads. more »

The Cultural Days of the European Central Bank 2009 come to an end

“Don Quixote – Made in Romania” brought the curtain down on the Cultural Days of the European Central Bank (ECB) 2009, with an expressive combination of tap dance, folklore, pantomime and martial arts. more »

The capital of the Latvian bank AS “Latvijas Krajbanka”, managed by Bank SNORAS, increased by LTL 45 million

The Latvian Finance and Capital Market Commission permitted Mr. Vladimir Antonov, who is also the main shareholder of AB Bank SNORAS, to acquire and manage up to 33 per cent of the shareholding of the Latvian bank AS “Latvijas Krajbanka”. more »

New Asphalt Plant

On October 30, the French-capital company “Eurovia Lietuva” opened a new asphalt plant near the capital city Vilnius. The company invested EUR 3.5 million into the new factory which is located near the old manufacturing facility to be closed soon. more »

The shareholders of AB Bank SNORAS endorsed increasing the authorized capital up to LTL 500 million

During the extraordinary general shareholders' meeting of AB Bank SNORAS, which took place on 5th November 2009, it was decided by additional contributions to increase the authorized capital of the bank by more than LTL 88 million. more »

New Asphalt Plant

The French-capital company “Eurovia Lietuva” opened a new asphalt plant near the capital city Vilnius. more »

Baltic Banking Among the Most Advanced in CEE

“Banking Market in the Baltics 2009-2011, CEE Banking Brief” report recently presented by Intelace Research states that, despite the current economic recession, Estonia, Latvia and Lithuania are still among the most advanced banking markets in Central and Eastern Europe (CEE). more »

AB Bank SNORAS will include LTL 72.5 million bond emission in the second level capital of the bank

The Bank of Lithuania permitted AB Bank SNORAS to include in the second level capital LTL 72.5 million (EUR 21 million) worth emission of termless debt securities distributed via non-public distribution on 31st August this year. more »

Financial, Economic and Social Crisis Committee holds opening session

The remit of the Parliamentary Committee set up to examine the financial crisis was debated at its first meeting on Wednesday (4 November). more »

Borderless banking

Europeans can now use direct debit from their home account to pay bills anywhere in the EU. more »