New Endralonian Compensates Victims of Nationalisation

World events, conflicts, conferences and visits from all over.

New Endralonian Compensates Victims of Nationalisation

Postby Autokrator15 » Fri Oct 14, 2016 1:05 pm

New Endralonian Compensates Victims of Nationalisation
Government finaly appologises for nationalisation of 4047 & 4075

Cetatea Albă, 23 November 4104

The government of the Confederation of New Endralon, Kizenia and Kuzaki finaly appologises for the nationalisation of all businesses, especially to those of foreign countries. The conservative government led by the New Endralonian People's Party has over the course of their now 23 year rule slowly privitised the economy again after 40 years of socialist rule. The nation never offered anyone from outside the country and compensation due to the high costs of the privisation, refunds and compensations.

The Ministry of Trade and Industry headed by Minister Bernát Kedves has send letters to all listed corporations and businesses who lost their business to the nationalisation. They are all offered a deal to regain lost property and gain a monetary compensation for lost profits or/and lost goods, further damage or bankruptcy due to the nationalisation will also be compensated with 50% monetary and the other 50% in government bonds. On top of that, all businesses that return to the Confederation will be given a 10 year tax reduction on the already low corporation tax and will only pay 10%.

The minister, when asked about the deal had this to say: ''It is important that people understand that you cant go around nationalising your economy. In the long run it brings distrust towards our nationas economy and hurt our citizens who those darned socialists tried to aid. I wish to state that all people and corporations are invited back to invest in our country and do business in our country. We are a safe and free market nation for the past 23 years now. Take up our deal, reclaim what you have lost and let us prove that we have the best interests at heart for businesses and people's properties.''

--------
Refund Office for Losses of the Nationalisation

In name of the Government of the Confederation of New Endralon, Kizenia and Kuzaki we appologise for the losses you have thanks to the former socialist government's nationalisation. We offer the following deals to recompensate your losses and hope to win back your trust in our government and our economy.

The deal is as followed:

For businesses / corporations:
- Corporations / businesses can regain lost property if they so wish.
- The goods they lost will be compensated by the government in the form of 50% in monetary refunds and 50% in statebonds.
- Lost profits will only be refunded up to 25% of the lost profits. The government wishes to repay more but It cant.
- Damage, bankruptcy will also be refunded in the form of 50% in monetary refunds and 50% in statebonds.
- Corporations /businesses wont have to pay corporation tax the first year of returning and after that they pay 10% corporation tax for the next 10 years.

For investors, shareholders and banks:

- All loans held in corporations that were nationalised will be taken on by the Confederal government.
- All shares in New Endralonian corporations, sister companies, subsidiaries etc. will be given back to their rightfull owner if they claim them, if not they will be sold to the market.
- All investors that lost money can reclaim it. If it goes above the 100.000.000 NED then the state will offer the rest in statebonds.
- If national governments of the origin country of the investors, shareholders or banks tax the returned capital the government will pay that tax for them.

The Nation is open for negociations if these terms are not good enough. Please state your claim here.

- The Ministery of Trade and Industry & the Ministery of Foreign Affairs
Image
User avatar
Autokrator15
 
Posts: 583
Joined: Wed May 29, 2013 4:35 pm
Location: Netherlands

Re: New Endralonian Compensates Victims of Nationalisation

Postby Autokrator15 » Mon Oct 17, 2016 10:06 pm

OOC: No one wishes to place a claim?
Image
User avatar
Autokrator15
 
Posts: 583
Joined: Wed May 29, 2013 4:35 pm
Location: Netherlands

Re: New Endralonian Compensates Victims of Nationalisation

Postby Doc » Mon Oct 17, 2016 11:05 pm

Autokrator15 wrote:OOC: No one wishes to place a claim?


OOC: Kalistan would support your Nation's right to Nationalize property, so we wouldn't make a claim on principle. Cheers to you and good work! :)
Primary: Institutionalist Party of Kalistan (IPoK), 5146-

Inactive:
Socialist Party of Kalistan (SPoK), 2591-
Hizb Al'Sultan حزب السلطان 4543-4551
Parti des Frères Lourenne, 4109-4132
Gaduri Brethrenist Movement (MHdG), 4481-4485
User avatar
Doc
 
Posts: 1962
Joined: Sun Jan 13, 2013 3:29 pm
Location: Kaliburg, Kalistan

Re: New Endralonian Compensates Victims of Nationalisation

Postby Autokrator15 » Tue Oct 18, 2016 3:41 pm

Doc wrote:
Autokrator15 wrote:OOC: No one wishes to place a claim?


OOC: Kalistan would support your Nation's right to Nationalize property, so we wouldn't make a claim on principle. Cheers to you and good work! :)


OOC: Thanks, but not even Kalistani businesses? :P This is going to be cheap for us :D
Image
User avatar
Autokrator15
 
Posts: 583
Joined: Wed May 29, 2013 4:35 pm
Location: Netherlands

Re: New Endralonian Compensates Victims of Nationalisation

Postby Doc » Tue Oct 18, 2016 8:21 pm

Autokrator15 wrote:
Doc wrote:
Autokrator15 wrote:OOC: No one wishes to place a claim?


OOC: Kalistan would support your Nation's right to Nationalize property, so we wouldn't make a claim on principle. Cheers to you and good work! :)


OOC: Thanks, but not even Kalistani businesses? :P This is going to be cheap for us :D


OOC: We don't tend to make a lot of investments overseas, as we are primarily an export-led economy. The only investments we would have had would be ODEN offices, but to my knowledge you all never ratified ODEN, so that wouldn't have even been there. The only other thing I could think of would have been our investment in the NSTOC, but we have written those investments completely off, so, I doubt you would have nationalized any of Kalistan's interests. If you'd like, however, I have some industrialists in Kalistan who could fabricate a shell corp for you to retroactively nationalize and then compensate them for the losses. :)
Primary: Institutionalist Party of Kalistan (IPoK), 5146-

Inactive:
Socialist Party of Kalistan (SPoK), 2591-
Hizb Al'Sultan حزب السلطان 4543-4551
Parti des Frères Lourenne, 4109-4132
Gaduri Brethrenist Movement (MHdG), 4481-4485
User avatar
Doc
 
Posts: 1962
Joined: Sun Jan 13, 2013 3:29 pm
Location: Kaliburg, Kalistan

Re: New Endralonian Compensates Victims of Nationalisation

Postby colonelvesica » Mon Oct 24, 2016 8:34 pm

HTC Considers Return to New Endralon

Image

One of Hutori's most powerful aerospace and Defence firms, Horizon Technology Corporation has announced that it is considered returning Operations to New Endralon after the government announced it would be paying reparations for the losses sustained during nationalization years ago.

HTC Vice President Samuel Livingston, Head of Corporate Relations, announced in a press release HTC would seek to have as much of the 55 million HLR investment that had been made in the facilities and in the Kerisian nation.

"Should we be able to recover our losses and be able to cost effectively start up Operations again, Horizon Technology would be proud to bring jobs, economic Prosperity and our business back to the Confederation."

HTC is one of the world's premier Aerospace research firms and the sole supplier of the Hutorian Air Force. Before nationalization HTC was said to be designing a new Fighter design for the New Endralonese Air Force, until the factories and research facilities were shut down
The Last of his Name
User avatar
colonelvesica
 
Posts: 2194
Joined: Mon Jun 04, 2012 4:57 pm
Location: The ether

Re: New Endralonian Compensates Victims of Nationalisation

Postby jamescfm » Fri Oct 28, 2016 10:41 am

Government Would Be Delighted To Welcome Horizon Back
Trade and Industry Minister says he will work with HTC and other corporations who want to invest in the Confederation


October 28th 4111- Artur Voicu, the Partidul Social Democrat's Minister for Trade and Industry, has made clear that the government will work with any company, such as Horizon Technology Corporation, who wish to discuss compensation for the previous regime's mass nationalisation. In particular, he sought to build a level of confidence in the Kizenian/New Endralonian economy among potential investors that political strife would not endanger businesses in the long term. The ethnic conflict which has marred the Confederation of New Endralon, Kizenia and Kuzakiului has created great instability, economically, and makes many would-be investors afraid to expand into the nation.

Voicu hopes that HTC will prove a turning point, though, saying that the rise of moderate parties like the Partidul Social Democrat and the Uniunea Hosia Democrată will allow lasting security for businesses looking to gain a foothold in the Kerisian market. In a short interview, Voicu remarked that he and the government were 'glad to hear that a corporation such as Horizon Technology Corporation, one of the must influential in Terra, was willing to provide the opportunities that accompany expansion into the Confederation'. When questioned further about whether he would meet the demand raised in HTC's press release, 'certainly we will analyse the claim and if it proves to be accurate then we would not hesitate to compensate Horizon for the full amount that was quoted' was the Minister's response.

The controversial compensation scheme, which was recently criticised by an ex-civil servant, has been conceded by the PSD as part of the coalition deal with the NEPP and UHD. Voicu, like others in his party, is still believed to have private reservations about the scheme, however.
User avatar
jamescfm
 
Posts: 5470
Joined: Sat Jul 02, 2016 3:41 pm

Re: New Endralonian Compensates Victims of Nationalisation

Postby Maxington » Fri Oct 28, 2016 3:47 pm

Gasstrien vouching for reparations from New Endralon.
Gasstrien pushing for reparations from New Endralonian Government in post-nationalization period.
Image
The Headquarters of the State Owned Oil and Natural Gas Company, Gasstrien in Thornhall.
2nd November 4111

State Owned Oil and Natural Gas Company, Gasstrien is seeking reparations for damages done by the previous socialist government of New Endralon. In a media release from the company's press office, it was announced that the company will be restarting its operations in the nation once it obtains reparations for the damages done by the previous administration. Chief Executive Officer, Kari Osmundsen stated that because of the previous administration's radical nationalization of foreign companies assets, Gasstrien's Compressed Natural Gas Division, Komnatgass (which was located in Új-Ginbár, Endrafold), lost $2 Billion LOD in assets as a result of the reforms brought about by the previous administration. Chief Financial Officer of Gasstrien, Ivar Evenstad in a letter to the Nyheter showed the scope of the losses made by the company.
Two of our offshore oil rigs were seized. Orginally both these rigs combined produced 80,000 barrels of oil per day. Over the course of fifty-years, we have missed out on pumping 1 billion barrels of oil. Which means that we have lost on the opportunity of gaining $71 Billion LOD. All of that just from two oil rigs in the period of fifty-years. And that is just oil revenue, when we look at compressed natural gas, we lost out in gaining $350 million LOD. The aim of Komnatgass is to ensure that compressed natural gas of the highest kazulian quality is made available to the nations of the nordic hemisphere. When considering competitions from the CNG powerhouse in the northern hemisphere, Sambovenergetickorp a child company of the oil and natural gas giant, Neftkomp, these are losses to our company. I do not expect the New Endralonian government to give us $71.35 Billion LOD in reparations but i expect them to pay $2 Billion LOD for seizing two 650 Million LOD oil rigs and a 1 Billion LOD compressed natural gas plant. I am not sure whether they used the plant and/or the oil rigs, but i am certain, if we are to resume operations in New Endralon, as Miss Osmundsen ordered we will need back our assets, everything that was taken when we weren't there.

It is expected that Gasstrien will open a Petrochemical branch in Artania, as a means of widening their horizon in terms of its expansion, but they are most likely going to keep out of the way of the larger oil and natural gas companies, such as Dorvish Oil, Neftkomp, The Carter Energy Group, the Kenai Energy Corporation and the Crown Corporation as Chief Executive Officer, Kari Osmundsen believes that her company is not ready to lock horns with any of the oil and natural gas giants both in the northern and southern hemispheres.
"The future of the Nation is in the children's school bags" ~ Dr. Eric Williams
President of the Trond Henrichsen Institute for International Affairs.
User avatar
Maxington
 
Posts: 2733
Joined: Mon Oct 14, 2013 11:37 pm
Location: Look Behind you.

Re: New Endralonian Compensates Victims of Nationalisation

Postby Autokrator15 » Sat Oct 29, 2016 12:00 am

Confederal Government Grants Compensation
15 December 4111

The Minister of Foreign Affairs, the sole responsibly and incharge of the compensation scheme has agreed to refund the Gasstrien and HTC claims. The Minister has taken over as prime responsible minister of the scheme after the resignation of the minister of trade and industry of the Social Democratic party.

The Ministers, after discussing it with his ministery and the civil servants has stated that the claims are within the acceptable peramiters and are happy that these comapnies will return to the Confederation. '' It will cause the creation of new jobs and it is fair that we repay the damage that the socialist government has caused to these companies. The tax payers do not have to worry, we will pay it from our reserves at the International Terran Bank.''

Any questions regarding the claims of the laid-off civil servant were denied by the minister, the minister has stated that he does not wish to discuss something that hasnt been proven false or true. ''We are investigating the claims and will make sure to fact check it all, let it be clear that this was not the reason the former civil servant was laid off, we can disclose the true reason for privacy reasons but this was not it. We take every accusation serious and will investigate, and we do not respond to investigations that are still in progress''.

In other news the Minister of Defense has announced serveral deals being offerd to HTC, the Minister of Defense, Jakab George Lakatos, has said that the army is desperatly in need of new equipment and other systems in the army need serious upgrading. ''With their return and our Hutorian trade deals it will make it mutual benificial for our two parties to make new contracts that bring new jobs and businesses to our nation but also bring our nation closer to a more modern defense force so that safety and security can be assured.''
Image
User avatar
Autokrator15
 
Posts: 583
Joined: Wed May 29, 2013 4:35 pm
Location: Netherlands

Re: New Endralonian Compensates Victims of Nationalisation

Postby RIS » Tue Nov 01, 2016 4:48 pm

Decima Seeks to Reopen in New Endralon

Decima Technologies

The technology juggernaut Decima Technologies announced today that it is willing to reopen facilities in New Endralon. In their statement they said that they wished to be compensated at least in part for the cost of the servers and other intellectual property lost during the country's nationalization. They also said that they wished to have their former facilities returned to them. In return they said they would reopen both the R&D facility and the servers that used to serve that particular area of Terra.
Former Global RP Team Economist

Active Parties:
Hutori- Federalist Party

Inactive Parties:
Klavia- Palatinus Evimería Factio
User avatar
RIS
 
Posts: 325
Joined: Sun Aug 24, 2014 11:04 pm
Location: Bekenial, Hutori

Next

Return to World Events

Who is online

Users browsing this forum: No registered users and 10 guests