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11 June 1948

Nationalization of enterprises

On 11 June 1948 the law concerning nationalisation of industrial, banking, insurance, mining and transport enterprises was adopted. This law provided for the abolition of most private property in the economic field. The means of production and financial instruments were transferred into state hands or, according to communist propaganda, became the property of the whole people.

30 May 1948

Parliamentary election with a united list of candidates

05 January 1949

Romania’s activity within COMECON