Security of Property Rights and Transition in Land Use
The case of Ukraine shows that privatization of assets is not enough, by itself, to improve the market performance. Institutional reforms that reduce uncertainty and improve protection of rights are also a pre-condition for economic productivity gains. Adoption of law proposals that simplify and lower the cost of registration of rental rights, resolving issues with legal status of land parcels, consolidation of land ownership to the level of cultivated field and, ultimately, lifting the Moratorium could finally provide certainty and security to the rights of owners, tenants, state and investors.