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Law No. 29 Of 18 May 1994

Original Language Title:  LEGE nr. 29 din 18 mai 1994

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LEGE No. 29 of 18 May 1994 on the authorization of the Government to approve the negotiation in order to recover Romania's receivables from the activity of foreign trade and international economic cooperation, conducted before December 31, 1989
ISSUER PARLIAMENT
Published in OFFICIAL MONITOR NO. 129 of 25 May 1994



The Romanian Parliament adopts this law + Article 1 The Government is authorized to approve the negotiation in order to recover Romania's claims from foreign trade and international economic cooperation, conducted before December 31, 1989, as well as how to collect them. + Article 2 The Ministry of Finance, the Ministry of Commerce, the Ministry of Foreign Affairs and the National Bank of Romania will negotiate and recover foreign exchange rights due to the Romanian state 1 of this law, through payments in convertible estimates, import of goods, services, investments of interest for the Romanian side, assignment for consideration of receivables, taking into account the concrete conditions in the debtor country. If the immediate recovery of external claims can be obtained, the Ministry of Finance together with the Ministry of Commerce, the Ministry of Foreign Affairs and the National Bank of Romania are empowered to negotiate the rescheduling of payment of Short, medium and long term receivables. + Article 3 The amounts resulting from the recovery of the foreign exchange rights covered by this law constitute sources for the payment of the service + Article 4 The Government will submit for information to the Parliament, on a semi-annual basis, the situation of the collection of foreign exchange rights of the Romanian + Article 5 Within 30 days from the date of entry into force of this Law, the Ministry of Finance will develop and submit to the Government for approval the methodological norms of application. This law was adopted by the Senate at the meeting of May 6, 1994, in compliance with the provisions of art 74 74 para. (2) of the Romanian Constitution. p. SENATE PRESIDENT ION SOLCANU This law was adopted by the Chamber of Deputies at the meeting of May 9, 1994, in compliance with the provisions of 74 74 para. (2) of the Romanian Constitution. CHAMBER OF DEPUTIES PRESIDENT ADRIAN NASTASE ---------------------------