NATIONALIZATION
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Banks-Insurance
Volksbank To Become Newest State-Owned Bank In Romania
Volksbank Romania, the only bank in Central and Eastern Europe still held by Austrian group Volksbank, will be indirectly controlled by the government in Vienna as of Thursday once the nationalization of the Austrian lender is confirmed by the general meeting...
Social/Politics
Romania To Ask ECHR For Extra Six Months To Adopt Law On Nationalized Property
Romania's Government and the European Court of Human Rights will discuss a delay of at least six months for the amended law on nationalized property, which is due by July this year, to allow...
Social/Politics
Romania Would Need EUR16B To Compensate Owners Of Nationalized Properties In Cash
Romania would need to spend 70 billion lei (EUR16 billion) on financial compensation for the owners of properties nationalized by the former communist regime; more than half this amount woul...