Romania May Compensate Former Owners Of Nationalized Property With Points Convertible Into Cash

03.06.2013 By Ioana Tudor

Former owners of nationalized homes in Romania who can’t get back their homes will receive points with a face value of 1 leu (EUR0.22), considering the value of the building, which they can use to buy other homes at auction or change them into currency after 2017, according to a draft normative act.

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