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By restitution bonds to the state property<br />
BULLETIN OF THE MINISTRY OF FINANCE/APRIL - JUNE 2006<br />
BY RESTITUTION BONDS<br />
TO THE STATE PROPERTY<br />
Goverment of the Republic of Montenegro<br />
Government of the Republic of Montenegro at its session<br />
dated June 20, 2006, made a Decision on<br />
Amendments and supplements to the Decision on<br />
Conditions and Procedure of Purchase of the Property of<br />
the Republic of Montenegro by Bonds of Foreign Exchange<br />
Savings of the Citizens. The aforementioned changes of the<br />
existing decision enables purchasing of the state property -<br />
real estate by means of bonds of the Fund for Indemnification.<br />
By amendments to this legal act by means of bonds of<br />
the Fund for Indemnification it is possible to buy property<br />
of the Republic, which is determined by the Government for<br />
that purpose, equally as with the bonds of old foreign exchange<br />
savings. By enforcement of the mentioned amendments<br />
apart from shares of economic associations in the state<br />
property and property of state funds, it will be possible to<br />
buy certain real estate from the state property fund with the<br />
restitution bonds.<br />
In the essence, the amendments serve to completely<br />
equalize the bonds of the Fund for Indemnification in terms<br />
of possibility of their usage for purchase of shares and property<br />
of the state and state funds with the bonds of old foreign<br />
currency savings.<br />
On that occasion, along with amendments and supplements<br />
to the Decision the Ministry of Finance proposed an<br />
additional list of state property for this purpose, which will<br />
also be published in the "Official Gazette of the RoM". The<br />
list consists of one residential building in Bar, hotels "Šavnik"<br />
and "Boan", several business premises in Budva, Bijelo Polje,<br />
Nikšić, Šavnik, three premises in Podgorica, department<br />
store in Šavnik, house with a courtyard in Žabljak, facility for<br />
catering business in Plav etc. The extended list will also consist<br />
of a building in noneconomic business in Bijelo Polje.<br />
The list will be supplemented with new real estate, which<br />
will be proposed to the Government of the RoM by the Ministry<br />
of Finance. The practice will be continued and it will<br />
increase the offer to the owners of foreign exchange bonds<br />
and bonds of the Fund for Restitution, in order that they realize<br />
them before the time of their maturity.<br />
KRSTO RACKOVIĆ,<br />
Assistant to the Minister of Finance<br />
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