The restitution process for properties seized during the communist era was unblocked, as the government adopted an Ordinance that resumes the compensation procedures which had been halted following the Constitutional Court's ruling of February 2025, Finance Minister Alexandru Nazare announced on Friday.
"The respective Constitutional Court ruling had removed the legal framework for assessing compensation in cases where the properties can no longer be returned in kind. (...) What is new in this legislative amendment: a fair calculation of compensation, based on the notary appraisal grid and correction coefficients (location, condition, legal regime), according to the ECHR - regardless of how the property was used at the time of confiscation (e.g. home, urban land plot etc.). Flexible payment options: 7 annual installments instead of 5, or a single payment of 40% for those who renounce the phased-out payment. Reducing litigation and speculation: limiting gains for point buyers, so as to discourage speculative trading of disputed rights. Transparency: all institutions shall report the status of these files to a single national database," the Finance minister said on Friday in a Facebook post.
He added that, this way, international sanctions and lawsuits are avoided by harmonizing the legislative framework with European standards (ECHR) on human rights.
"Between 2013 - 2025, the Romanian state determined compensations worth RON 23.2 billion in 67,500 cases, of which RON 16.1 billion have already been paid, and RON 7.5 billion are to be disbursed in installments until 2029. By extending the payment period to 7 years we reduced the budgetary pressure and also streamlined the process. An essential measure is the limitation of the amounts owed to point buyers: out of an estimated total of RON 1 billion, the state will pay only RON 0.45 billion, thus saving the budget over 50%. After 2021, the average amount of compensation increased by 160% per case (from an average RON 213,000 to RON 555,000). All these elements called for fairer criteria, but also for increased financial sustainability. Resuming the restitution process with clear rules, compliance with international standards and fairness for all those who were wronged is an important step towards the correct closure of this painful chapter in Romania's history," Alexandru Nazare also wrote.
Gov't moves to unblock compensation procedures for properties seized during communist era
Articole Similare

2
Parcels with value less than 150 euros, originating from outside EU,will be charged 25 RON
2

7
CNIR: Application for European funding for Chiribis-Biharia lot and Spinus road junction, submitted
7

10
Pistol (CNAIR): In 2026, target is 250 new kilometers
10

8
Quarterly reference rate for consumer loans falls to 5.68% per annum
8

15
Romanian Police: Seven fugitives, including a 'most wanted' woman, have repatriated
15

13
PSD's Grindeanu: Political stability must remain the key to social and economic development in 2026
13

28
Men's basketball: Dramatic victory for U-BT Cluj-Napoca in EuroCup
28

27
Gov't okays contingent of 90,000 newly admitted foreign workers on Romanian labor market in 2026
27

15
The three Romanians stuck in cable car in Italy - evacuated in good condition (ForMin Toiu)
15

14
We will have a deficit lower than the 8.4% we aimed at (PM Bolojan)
14

19
European Commission transfers Tuesday over 586 mln euros to accounts opened at National Bank of Romania
19

9
Bucharest Stock Exchange (BVB) closes higher Tuesday's trading session
9

7
Net assets of investment funds increase by 3.2% in November
7

















Comentează