BOGOSAVLJEVIC BOSKOVIC: New Law on agricultural land attracts investors to Serbia

(Photo: mpzzs.gov.rs)

She outlined Serbia has 830.000 ha of land which is state-owned, 260.000 ha of which is to be rented.

Annual rent from land which is rented totals EUR 51 m and damage for non-renting remaining state-owned land is more than EUR 100 m, the minister added.

According to her words, state-owned land is used by individuals apart from the law and without paying a fee and it is hard to run a dispute against them of compensate the damage.

Bogosavljevic-Boskovic said changes of the law imply that land is rented to up to 30 years to local legal entities and citizens and added that long-term rent increases security during investing in agricultural production.

As it was communicated, Serbia has a total of five million hectares, 3,5 m of which are cultivating fields, gardens and vineyards and the rest goes to meadows and grazing lands.