The National Union of Bailiffs considers the effects of the reform of the execution system done in 2010 are significant. In 2009, the state spent 42 million lei on maintaining the execution system and this sum covered not even half of the needs. Now the state spends no money on this, IPN reports, quoting a press release of the Union.

“The state and the people have only to gain as in 2014 the bailiffs restored over 640 million lei to private individuals and legal entities. This accomplishment has a double effect. First of all, this money was reintroduced into economic circulation and the financial situation of a number of entities was thus improved. The number of bad loans was reduced, while the conducting of investigations, including by potential partners from abroad, was encouraged. An efficient execution system is an indispensable element that makes investors take risks.

“Secondly, the restoring of these sums, besides the economic effect, had a considerable social effect as tens of thousands of court decisions were implemented and the rights of thousands of children entitled to welfare and of hundreds of wronged salary earners and of victims of offenses were restored. This way, the bailiffs make a contribution to administering justice and to increasing confidence in the legal system,” reads the press release.

According to the quoted sources, owing to the activity of the 169  bailiffs, the state budget was augmented by about 60 million lei, which is approximately 0.2% of the total state budget incomes for 2014.

The National Union of Bailiffs said the reform of the execution system was placed among the top 12 world reforms of 2011 in the World Bank’s Doing Business report.