The Lithuanian government is planning to soften the requirements for foreign nationals to purchase agricultural land.
© Shutterstock nuotr.

After Lithuania lifted a ban on selling land to foreigners in 2014, the government introduced a number of safeguards, fearing that big international companies would buy up agricultural land. The buyers were required to be trained farmers with experience in agriculture.

The government is now considering to eliminate the requirement for buyers to have a training in agriculture. They would still be required to have worked in agriculture for at least three years over the last decade.

Banks would be allowed to sell agricultural land over five years, instead of three according to current rules.

LRT

Nauseda moves to stop political parties from using state property for free

Lithuanian President Gitanas Nauseda vetoed on Tuesday legislative amendments allowing political...

Prime Minister wins confidence vote in parliament (1)

Saulius Skvernelis won a confidence vote in the parliament on Tuesday, clearing the way for him...

US court dismisses ex-Lithuanian judge's extradition appeal

A US court has dismissed an extradition appeal by Neringa Venckiene , a former Lithuanian judge and...

Survey: President tops popularity rating

Lithuanian President Gitanas Nauseda tops the popularity rating in the country, according to the...

Lithuania joins group of countries condemning Beijing's treatment of Uighurs

Lithuania has joined a group of countries condemning China 's treatment of the Uighur ethnic...