(Read the full article on Menafn.com)

The Verkhovna Rada has passed a law introducing amendments to certain legislative acts concerning the sale of state and municipal land plots or rights to them (leases, superficies, emphyteusis) through electronic auctions, Menafn.com reported, citing Ukrinform reports.

Some 272 lawmakers voted for a respective bill, No. 2195, at second reading.

According to the explanatory note, the law provides for a fundamentally different procedure for the sale and transfer for use of state and municipal land plots. The document introduces the sale of state and municipal land plots or rights to them through electronic auctions in the electronic trading system.

The law defines a new procedure for conducting land auctions through the electronic trading system, which provides for the automation of a number of processes and the publication of all documents related to auctions and land plots in the electronic trading system, which is publicly available and open and improves the effective organization and holding of land auctions.