News » August, 2011 » 11 August 2011
Romania Raises Fines For Failure To Repair Buildings With High Seismic Risk - Draft
11.08.2011, 17:35 | Real Estate | 1448 views
The Romanian Development Ministry significantly increases fines charged to homeowners and local authorities who fail to carry out technical inspections and start rehabilitation works on buildings considered to have a high seismic risk. According to a draft decree drawn up by the ministry, fines will increase five times and will range between 2,500 lei (EUR583) and RON75,000, from RON500 - RON15,000 under current regulations. Fines ranging between RON50,000 and RON75,000 lei will be applied to local authorities who fail to observe a two-year deadline to start repair works on buildings included in annual rehabilitation programs. Read more on Mediafax.ro
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