Romania Grants RON759.8M In Damages To Former Depositors In CEC

The money is to be paid by the end of the year, Varujan said.

In December last year, the Romanian authorities expanded the list of eligible persons to receive damages for their deposits in CEC in view of purchasing cars, regardless of the make.

Authorities also decided to extend the time limit for the deposits to be compensated, from November 1, 1990 to February 15, 1992.

The damages are to be granted under the form of state bonds with one-year maturity.