about us | newsletter | contact | archive | members area
Ana Maria Icatoiu, Smart Eco Plus
There are laws which have been under discussion for years - not healthy for the market»

Grace-and-favor homes to be sold through public auction

The Government has approved by ordinance the sale of 733 grace-and-favor properties of a total of 1,100 real estate assets owned by RA-APPS, the authority that administers government properties. Another 108 courtesy homes will be put up for sale when their legal status is clarified.

December 2011 - From the Print Edition

RA-APPS has 650 grace-and-favor properties, over 75 villas and 250 hectares of land inherited from the communist regime and currently occupied by former state officials and their relatives. The auction prices will be established by authorized experts and the sale will be made through public auction, according to government information. Private and individual investors will be able to bid along with the current owners of the properties, unless they have run up debts or are involved in other litigation with the authority. Buildings occupied by public institutions, diplomatic missions, consulates, embassies, inter-governmental institutions and political parties, and those being used by former state presidents, will not be sold off.
Within the state budget established for 2012, the Romanian Government plans to make EUR 164 million (RON 706 million) from the sale of the 773 residencies. Following a decision last month, the Government will exempt public institutions and RA-APPS from paying local taxes on their buildings, says the emergency ordinance on the sale of the state residences.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  7217 Views
Daily Info
Transelectrica accelerates investments to increase the energy system safety in Dobrogea

The National Power Grid Company Transelectrica marked the completion of the second stage of the project of rehabilitation of the Station Transformation 400/110/20 kV Tulcea We...

CTP: smart expansion in a growing market

CTP, the most dynamic logistics and industrial parks developer in the country, will soon become a "millionaire" in square meters of premium logistics space. The company experi...

New regulations adopted by ANRE will have a strong negative impact on consumers and endanger 4.500 jobs, says ACUE

The electricity distributors members of the Federation of Associations of Energy Utility Companies (ACUE) are deeply concerned about the negative impact on networks and consum...

President Iohannis: Interconnection projects revealed at Three Seas Initiative summit are a top level political signal

The list of priority interconnection projects presented within the Summit of the Three Seas Initiative is "a top level political signal", on Tuesday stated Klaus Iohannis, in ...

Vodafone to lay off 1,700 service center employees in Romania, India and Egypt

Vodafone, one of the biggest telecom groups in the world, will lay off 1,700 employees from its service centers in Romania, India and Egypt, in this financial year, the group'...

 
 
   
advertising

advertising

advertising

advertising

advertising

More on