Government sets up restitution fund

The Serbian government has set up the Budget Restitution Fund, its media office announced today in Belgrade.

Izvor: B92

Friday, 21.05.2010.

16:13

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The Serbian government has set up the Budget Restitution Fund, its media office announced today in Belgrade. The fund will finance reparation for former owners and their heirs, stripped of their property by former Yugoslavia's post-Second World War communist regime, in those cases when returning their assets in the original form is no longer possible. Government sets up restitution fund Aleksandar Atic of the Restitution Network (Mreza za restituticiju) organization was skeptical about the announcement today, and reminded that the fund was formally set up in 2001, while its legal framework was defined a year ago. “We assume that this is yet another is a series of decision that have been happening for several years now, aimed at creating an illusion that something is being done about the restitution, while at the same time dragging on the process indefinitely,” Antic warned. “It begs the question of what happened to the fund and the money during the privatization of state-owned capital,” he added. Antic also noted that the state is yet to make a list of all state-owned property, which ought to be one of the first steps in the restitution process. The government on Friday did not answer any response to the question of the fund was set up only yesterday, nor about the progress of compiling the list of state-owned property. According to official data, more than 140,000 individuals – about 130,000 families – have requested their property back. Restitution is also one of the conditions for Serbia to join the EU.

Government sets up restitution fund

Aleksandar Atić of the Restitution Network (Mreža za restituticiju) organization was skeptical about the announcement today, and reminded that the fund was formally set up in 2001, while its legal framework was defined a year ago.

“We assume that this is yet another is a series of decision that have been happening for several years now, aimed at creating an illusion that something is being done about the restitution, while at the same time dragging on the process indefinitely,” Antić warned.

“It begs the question of what happened to the fund and the money during the privatization of state-owned capital,” he added.

Antić also noted that the state is yet to make a list of all state-owned property, which ought to be one of the first steps in the restitution process.

The government on Friday did not answer any response to the question of the fund was set up only yesterday, nor about the progress of compiling the list of state-owned property.

According to official data, more than 140,000 individuals – about 130,000 families – have requested their property back. Restitution is also one of the conditions for Serbia to join the EU.

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