Journal of Legal, Ethical and Regulatory Issues (Print ISSN: 1544-0036; Online ISSN: 1544-0044)


Peculiarities of Legal Reform of Land Relations in the Conditions of Land Market Formation in the Countries of Central and Eastern Europe and Development of their Financial and Credit Institutions

Author(s): Ganna Korniyenko, Yuliia Bakai, Kostiantyn M. Pilkov, Iryna Novosad

A study of land reforms in Central and Eastern Europe, which, in fact, was launched simultaneously in the late twentieth century in Bulgaria, Romania, Russia, Moldova, Estonia, Latvia, Lithuania, the Czech Republic, Germany, Slovenia, Ukraine and so far hasn’t been finished in any of these countries, is a relevant issue not only in terms of a comparative analysis of the land market reforming rate, its transparency, but also from the perspective of the peculiarities of support of such reforms by banking financial institutions, which were being created in these countries on the move of reforms. Land banks, cooperative banks, credit unions had, in fact, become the financial locomotives that led to the reforms of the entire agro-industrial complex in these countries. Ownership, the price of rent and its area, a reasonable balance between private and public interests - these and other issues have been the subject of this article.

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