Nationalization in Romania
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The nationalization of the
The nationalization[1] also included a significant number of homes. The figure of around 400,000 buildings is regularly mentioned. According to Societatea Academică din România (SAR) between 241,000 and 600,000 properties[2] were affected by the measure.
The nationalization begun in 1948, together with the collectivization of agriculture (1949–62), were decisive in undoing the capitalist economy and establishing a socialist economy based on state-owned or cooperative property.
After the fall of communism in Romania, the state has tried to compensate homeowners and enterprise owners who could not recover their houses, industries, or lands. A special fund dedicated to compensation was created in 2005: Fondul Proprietatea.
See also
Notes and references
- Stoica, Stan (coordinator). Dicţionar de Istorie a României, p. 233-4. Bucharest: Editura Merona, 2007.
- Other references:
- ^ mostly thanks to Decrees 92/1950, 111/1951, 224/1951, 513/1953, and 409/1955 - direct link to the 92/1950 decree (Romanian Chamber of Deputies)
- ^ SAR Brief Policy n°34, September 2008, page 5 : direct link to the survey
External links
- (in Romanian) Text of the law, from the Romanian Chamber of Deputies
- (in Romanian) Text of the law, including annexes