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The promised land

There is no perfect justice, just as there is no absolute in ethics. But there is perfect injustice, according to an old saying. This year brought a new discussion on the public agenda, that of liberalization of the land market in Romania. The Diplomat-Bucharest analyzed the possible effects of the law, talking to the main investors, financial and fiscal consultants, along with officials representing trade bodies

2014-04-05 18:00:44 - From the Print Edition

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The law governing the liberalization of the land market in Romania, recently published in the national official journal (Monitorul Oficial) and approved by the Government in November last year, triggered major reaction.




Under the Treaty of Accession to the European Union, Romania was obliged to open its land market to EU citizens as of January 1, 2014, changing the previous ownership regime that allowed only legal entities to buy land. Recently, the Romanian president ...

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