The Agricultural Property Agency continues the activity of the Agricultural Property Agency of the State Treasury, based on the regulations contained in the Act on the Formation of Agricultural System.
The Agricultural Property Agency of the State Treasury was constituted in the October of 1991 by act of law on the Management of Agricultural Real Estate of the State Treasury. The purpose of this Agency was to begin the process of restructuring and privatization of the agricultural property of liquidated state-owned farms, agricultural properties of the State Fund of Properties and other agricultural lands belonging to the State Treasury.
The essence of the Agricultural Property Agency of the State Treasury was characterized by thefollowing principles:
The APA’s activity in the restructuring and privatization area was determined by the following goals and conditions:
The agricultural properties that were taken over by the APA composed the Agricultural Property Stock of the State Treasury.
Directions of management of Property Stock were established in the act. APA has been managing the Property Stock by:
With the passing of time, APA’s operation determinants has changed and enabled APA to help former employees of liquidated state-owned farms. Since 2003, APA has also the possibility to supervise agricultural properties trade in order to achieve the defined objectives included in the Act on the Formation of Agricultural System.