Poles to speed foreign land buys

15 November 2001

Poles to speed foreign land buys

By FWi staff

POLAND has said that it is ready to compromise over farmland sales to foreigners in an attempt to revive its stalled bid to join the EU.

The Polish governments European Integration Committee has agreed to shorten its request for a transition period on sales to foreigners, reports the Financial Times.

It has offered to reduce its requested 18-year period to 12 years.

But is will still seek to discourage foreign speculation through legislation similar to that used in current EU states.

The FT says it is unclear how the EU will respond to this offer, as a 12-year transition would still be longer than the seven years agreed with other candidates.

Poland hopes to join the EU in 2004.

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