Ukraine’s land auction reform has doubled landlords’ income.

The World Bank praised the reforms in the field of leasing state and communal lands. According to a report from the institution, the leasing of land through online auctions on the Prozorro.Sales platform has doubled the income of landlords, noted the Ministry of Economy. In their report, the World Bank compared the results of pre-reform offline and online land auctions with the results of online auctions in the Prozorro.Sales system, which were held after the reform was implemented. The reform and provision of a transparent electronic trading system with an open source have contributed to reducing barriers to participation and increasing the level of competition and transparency, creating a level playing field for participants. This has reduced corruption risks and eliminated intermediaries whose interests may not correspond to the interests of communities and contribute to conflicts of interest.