OREANDA-NEWS. On March 30, 2009 the Government has endorsed a series of decisions on reduction of lease rates on the state and communal property. So, changes to appendix 1 of the Estimation procedure which envisages reduction to 50% the rent rate for the small and average business. At this, the norm will be applied not only for new tenants but for the current contracts.

Besides, the Government has approved changes to Article 73 of Law of Ukraine “On the State Budget of Ukraine for 2009” which will enable bona fide tenants to prolong contracts for a term of up to 2 years avoiding tender.

“Entrepreneurs have been expecting for changes to the budget that will give chance to work patiently and rent the premises for three years. Nowadays it is the turn of deputies. With regards to reduction of rent rate this decision of the Government is a decision of effective proprietor,” Oxana Prodan said. “I want to thank to Association of local and regional authorities of Ukraine and Association of Ukrainian Cities, who backed a stance of entrepreneurs at a Government’s sitting”.