According to Dezsi, starting prices will not be changed.

All properties administered by RA-APPS, whose sale was approved by the Government, will be auctioned off, at prices set following evaluation, said Dezsi.

Over the past two weeks, RA-APPS organized auctions to sell 130 realties, including apartments in central Bucharest, shopping centers, land, hotels and villas, but only a few of them were sold.

Many of the respective properties had been unsuccessfully put up for sale in the previous years.

At the end of 2011, Romania’s Government cleared RA-APPS to sell 733 out of a total 1,100 buildings it manages, in public auctions.

According to the 2012 state budget, the Government hopes to get 706 million lei (EUR160 million) this year from the sale of state-owned buildings managed by RA-APPS, compared with the RON1.8 million it estimated for last year. (EUR1=RON4.3691)