Romanian govt to seek another three more months for fixing restitution issue.

By bne IntelliNews March 21, 2013
Romania will ask the European Convention on Human Rights (ECHR) for another three months to tackle the property restitution issue, PM Victor Ponta announced, as quoted by Ziarul Financiar daily. Currently, the legislation drafted by the government is facing the opposition of the restitution recipients' association. In principle, the government wants to make in-kind restitution until 2016 and start cash restitution as of 2017 for a period of ten years. Romania has already allocated some EUR 8bn to compensate the victims of the communist nationalisation under various forms - in cash or in-kind, in the past years since the fall of the communism. If approved, this would be the second postponement after the ECHR granted a nine-month delay that expires on April 12, 2013. Initially, the ECHR warned Romania on the issue in October 2010 and gave it an 18-month period to fix the problem. As required by the ECHR, Romania's government has to clarify the property restitution legislation applicable to victims of communist nationalisation, otherwise the court would approve the claims of the Romania citizens by default on the grounds of inadequate legislation. Properties roughly estimates at EUR 10bn are at stake - half of which claimed by the church.
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Romania to spend EUR 37mn in 2013 to close down loss-making coal mines.

Romania's government has earmarked RON 163mn (EUR 37mn) worth of subsidies for 2013 under a programme aimed at closing down the loss-making mines of local company CNH located in the southwestern ... more

Romanias Hidroelectrica sells nearly 0.3TWh of electricity on free market.

Romanian state-controlled hydropower company Hidroelectrica sold on Thursday, March 21, in several separate contracts a total of 0.3TWh of baseload electricity deliverable between April 1 and the ... more

Romania to start privatisation of cargo railway company on April 6-8.

The Romanian government will publish the privatisation call for freight railway company CFR Marfa immediately after the consultants complete their work, probably on April 6-8, Romanian transport ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    8 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Don't mention the "D" word - Ukraine
    5 days ago
  4. The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
    3 days ago
  5. Europe unlikely to tackle Russian LNG imports anytime soon
    2 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    26 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    30 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    28 days ago
  5. Saudi Arabia to scale back plans for Neom city
    15 days ago

Reports

Dismiss