A. Kazlauskytė. What you won’t be able to do in your own land

This year has brought changes to the real estate development and agricultural sectors. While the territory planning legislation does not stipulate any significant changes apart from facilitating paper work, changes in the agricultural sector are not so positive. Entrepreneurs fear that the limitations on land purchase will undermine competition with farmers in the European Union.  Changes concerning the forestry sector are not optimistic either. The government is planning to charge an additional 5-percent fee on private forest owners who sell raw wood.

Finally, the recent adjustments indicate that the importance of property rights legislation is often forgotten. The owner’s right to deal with property-related issues is not only a human right but also a fundamental constitutional value. Its protection is a prerequisite for business prosperity.