Deputy Organization of Land Registry and Cadastre:
The executing entities do not have the right to change the designation of the assets without registering the ownership claim and receiving a unique identity card/the Ministry of Economy does not intend to wait for the end of the two-year deadline for entities.
In describing the role of the executive bodies in implementing the law requiring official registration of real estate transactions, the VP of Land and Cadastre of the Land Registry Organization in the country said: The entities that did not register their claim of ownership of the property in the system and did not receive a unique identifier will not be allowed to perform any further action on these properties or their utilization.