From 2014 until mid-July 2018, the former owners of the nationalized houses received compensation titles amounting to almost EUR 1 billion from the National Authority for the Restitution of Properties, according to data provided by the Authority to Pavel, Margarit and Associates Romanian Law Firm.

 

Altogether, almost 86,000 payment titles were issued in that period. The payment period for each individual file is variable. The indemnities are granted in installments. Initially, the minimum amount for a tranche was EUR 1.100. Currently the amount is EUR 4.300.

 

“In 2014, 2015 and 2016 the payment entitlements were issued exclusively for the files approved by the Central Commission for Settlement of Damages up to 2011 and for the files approved by the National Commission for Compensation of Real Estates (CNCI) for the period 2013-2016 for whom the due amounts were established by the courts. In 2017 and 2018 the number of the beneficiaries and the amounts also contains the payment titles related to the requests made by the clearing decision holders by points issued by C.N.C.I. from 2013 until now”, according to the National Authority for the Restitution of Properties.

 

In October 2018, there were about 25,200 notifications submitted by former owners and persons entitled to restitution of real estate that have been registered with the National Authority for Restitution of Properties for over five years and have not been resolved yet. The deadline available to ANRP for the settlement of the files is 5 years from the date of the submission of the notifications. After the 5-year term, former owners can seek a court settlement, within a 6-month period.

 

 

 

 

 

 

Year Number of titles Title’s value

(billion RON)

Number of beneficiars
2018 (untill 18th of July) 18.850 1,20 21.906
2017 21.342 1,12 24.679
2016 13.529 0,55 15.679
2015 14.835 0,55 17.347
2014 17.386 0,54 20.305
TOTAL 85.942 3,98

Source: ANRP

 

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