Ministerial Decree No. 227 validating the Regulation on the sale by auction of the right to lease land.

This Ministerial Decree regulates the sale by auction of the right to lease land and the modalities for transferring the land post-auction. Land lease auctions shall be held by local self-government authorities or authorized state land institutions. Plots of land proposed for transfer by lease shall be registered in the unified state register of immovable property. Auctions shall be open to legal and natural persons and individual entrepreneurs. Local administration bodies shall conclude the lease contracts following the auction. Lease contracts shall be subject to mandatory registration in the local branch of the state institution responsible for the registration of immovable property.