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Romanian Pres Urges Lawmakers To Reexamine Controversial Law

Romanian President Traian Basescu urged lawmakers Friday to reexamine the law amending the normative act regarding the buildings seized during the communism regime.
Romanian Pres Urges Lawmakers To Reexamine Controversial Law
18 iul. 2008, 15:55, English
Basescu thinks the law offers no solutions whatsoever, adding it is only a source of illegal gains.
Basescu also explained that, under Law 112, this type of properties were sold at book value, while the law sent for promulgation stipulates compensations to be paid by the state at the market price.
Basescu said the law favors the political clientele which got hold of properties.
The amendment brought to the law on nationalized houses, adopted by the Chamber of Deputies late June, was initiated by the Conservative Party (PC) and stipulates the buildings seized during the communist regime and subsequently sold by the state will no longer be returned in kind and the rightful owners will be paid compensations.
Conservative leader Dan Voiculescu urged Basescu to pass this law, stressing it neither excludes nor ignores the owners, as they will be paid compensations for the buildings they once owned until seized by the communists.