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Romanian Economy minister:

Government to approve ordinance on Proprietatea Fund in two weeks

Luni, 30 aprilie 2007, 0:00

The Romanian Government will give its approval for an emergency ordinance on the Proprietatea Fund - aimed at compensating victims of communist-era property abuses - within two weeks, Romanian Economy minister Varujan Vosganian has told news agency NewsIn.

Consultations with all political parties will be held in the meantime to reach an agreement on the final form of the ordinance, he said.

The Proprietatea Fund, which holds stakes in many Romanian companies, has been fiercely attacked for the past year for doing nothing substantial to compensate those whose properties were confiscated by the communist regime, as its initiators have hoped.

Vosganian said he would have all parliamentary parties to contribute to a solution for the situation at the Proprietatea Fund before an emergency is discussed at government level. But the opposition Social Democrats had warned repeatedly they opposed the Realitatea Fund and have been pushing for its dissolution.

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