Changes in the Law for Ownership and Use of Agricultural Land.
The new changes in the law (art. 25 from the Law for Ownership and Use of Agricultural Land allow change of use of pastures and common pastures owned by the municipality for construction of infrastructure and implementation of investment projects certified as class "A" and "B". According to the Investment Promotion Act, the minimum amount of investment in class "A" is 70 MLN leva and in class "B" it is 40 MLN leva. The economic activities which are stimulated in this Act are manufacturing, power generation and renewable energy resources, activities related to computer technology, education, research, human health.
The change of use of pastures and common pastures is granted by the Municipal council.
Decisions are taken after being subjected to discussion as set out in the Referendum Act. It is possible the use of land owned by a municipality to be changed in favour of legal entities and individuals after restricted property rights and easements are established.
Comment: