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. Last Updated: 07/27/2016

Property Restitution

BUDAPEST () -- Hungary has reached a landmark agreement with Jewish groups for restitution of properties confiscated during the Holocaust, Israel Singer, the secretary general of the World Jewish Congress, said Wednesday.

Singer said Hungary has agreed to establish a foundation which would manage formerly Jewish-owned properties, including real estate and art treasures, plus millions of dollars contributed by the government.

He said Hungary's parliament would approve creation of the foundation when it reconvenes in September.