Invest in Moldova An insider s perspective. 3 February 2017 EBA MOLDOVA

Size: px
Start display at page:

Download "Invest in Moldova An insider s perspective. 3 February 2017 EBA MOLDOVA"

Transcription

1 Invest in Moldova An insider s perspective 3 February 2017 EBA MOLDOVA

2 EBA Moldova >50 Members European companies Moldovan companies exporters, service providers, etc. Member of European Business Organization World-wide Network DG GROWTH

3 EBA Board HE Mr. Pirkka Tapiola Head of EU Delegation in the RM EBA Honorary President

4 EBA Areas of Activities BUSINESS PROMOTION MOLDOVA - EU BUSINESS SUPPORT EBA MOLDOVA BUSINESS ENVIRONMENT

5 Economic Co-operation with the EU Basis: EU Association Agreement, including the Deep and Comprehensive Free Trade Agreement Trade 65% of Moldova s export are delivered to the EU (first 11 months 2016) Exports to the EU increase while imports from the EU have declined Investment >52% of private foreign direct investments originates from the EU EBRD: cumulative investments of Euro 1.13 billion in 110 projects EIB: cumulative investments of Euro 700 million in 18 projects Financial Assistance European Commission up to Euro 410 million between Substantial bi-lateral support of EU countries (e.g. Romania, Germany, Sweden, Austria)

6 Business Environment Political Stability Legal & Tax Framework Macroeconomic stability Rule of Law Business Environment Infrastructure Human Resources Access to Finance

7 Political Stability Stable Government, supported by majority of the Parliament Next parliamentary elections in 2018 Significant reforms during the last 12 months Ambitious agenda for 2017 Directly elected President Relationship between Government and President

8 Macroeconomic Stability Resumption of international budgetary assistance -> Declining interest rates and stabilization of exchange rates Improved collection of taxes and customs duties Economic growth of ca. 2.2% in 2016, which is expected to increase to 3% in 2017 and 2018 (World Bank) Compliance with reform commitments (IMF, EC, other) Switch from consumption lead growth financed by remittances to sustainable export lead growth

9 Legal Framework Comprehensive legal reforms driven by EU Association Agreement and efforts to improve the business environment, e.g.: Labor Code Reform (incl. procedures for employment of foreigners) Customs Code Reform Law on Permissive Acts Law on State Inspections of Business Activities Certification Procedures

10 Tax & Customs Framework Free Trade Agreements (EU-DCFTA, CIS, CEFTA, Turkey) Competitive tax framework Efforts to address grey economy Ongoing clarification of tax and customs codes Upgrade of tax and customs administration systems Reform of accounting law and law on audit Revisions to tax audit procedures

11 Rule of Law Temporary freeze of inspections and controls as well as ongoing reform of control and inspection procedures Increased efforts to fight corruption Reform of judicial system and judicial processes Envisaged comprehensive reform of public administration Capacity building of regulatory / certification bodies (e.g. ANSA, ANRE, CNPF, Competition Council, ANRCETI)

12 Infrastructure Good internet and telecommunication infrastructure Major road rehabilitation program Investments in railway infrastructure and rolling stock as well as the restructuring of state railways Investments in the connections to the Romanian electricity and gas networks Investments to improve energy efficiency (e.g. improvement of highvoltage transmission lines) Ongoing investments in water / waste water infrastructure

13 Access to Financing International Financial Institutions (e.g. EBRD, IFC) Local banks Leasing companies Insurance companies Ongoing restructuring of banking and insurance sectors Enhancement of regulatory framework and supervision

14 Human Resources Well educated, multi-lingual and relatively inexpensive work force Reform of education system Development of vocational and tertiary education in collaboration with the private sector International accreditation and evaluation of education system Planned reform of health, social and pension systems

15 Business Opportunities Export oriented growth sectors: Manufacturing (automotive, textiles, furniture, etc.) ICT & BPO (Business Process Outsourcing) Agriculture / Agro-processing Tourism Medical Services Privatisation Projects: Moldtelecom, Air Moldova, Costesti hydroelectric complex, Red-Nord and Red Nord-Ves

16 Business Opportunities Public Infrastructure Projects Road rehabilitation program Railway infrastructure, rolling stock, restructuring Gas pipeline Ungheni Chisinau Electricity inter-connectors with Romania Water/waste water projects Financial Sector (e.g. banks) Legal Reform Projects

17 Conclusion Low cost / low tax environment Free Trade Agreements with EU, CIS, CEFTA and Turkey EU Association Agreement providing framework for reforms Substantial international support Improving business environment Estimated growth of 3% in 2017 and 2018 => Considerable business opportunities

18 EBA IS HERE TO SUPPORT Thank you for your attention!

European Business Association. Republic of Moldova. Key Business Climate Issues Affecting Private Sector Development

European Business Association. Republic of Moldova. Key Business Climate Issues Affecting Private Sector Development European Business Association Republic of Moldova Key Business Climate Issues Affecting Private Sector Development Political Stability Moldova needs to overcome the long lasting political turmoil. Political

More information

Priorities of the Government of the Republic of Moldova in the area of attracting investments and promoting exports

Priorities of the Government of the Republic of Moldova in the area of attracting investments and promoting exports Ministry of Economy and Infrastructure of the Republic of Moldova Priorities of the Government of the Republic of Moldova in the area of attracting investments and promoting exports THE REPUBLIC OF MOLDOVA

More information

9228/18 SBC/sr 1 DGG 1A

9228/18 SBC/sr 1 DGG 1A Council of the European Union Brussels, 24 May 2018 (OR. en) Interinstitutional File: 2018/0058 (COD) 9228/18 'I' ITEM NOTE From: General Secretariat of the Council ECOFIN 477 CODEC 826 RELEX 443 COEST

More information

Official Journal of the European Union DECISIONS

Official Journal of the European Union DECISIONS 6.7.2018 L 171/11 DECISIONS DECISION (EU) 2018/947 OF THE EUROPEAN PARLIAMT AND OF THE COUNCIL of 4 July 2018 providing further macro-financial assistance to Ukraine THE EUROPEAN PARLIAMT AND THE COUNCIL

More information

Business Opportunities in Moldova Banking sector Business opportunities

Business Opportunities in Moldova Banking sector Business opportunities Business Opportunities in Moldova Banking sector Business opportunities May 15th, 2015 Ridha Tekaia, president of CB MOBIASBANCĂ Groupe Société Générale S.A. and Foreign Investors Association Financial

More information

Romania and European integration

Romania and European integration Austrian Society for European Politics Romania and European integration Paul Schmidt Austrian Society for European Politics March 7, 2011 Economic Situation & Perspectives European Economic Forecast, Autumn

More information

Regional Economic Integration of the Republic of Moldova: Opportunities and Challenges

Regional Economic Integration of the Republic of Moldova: Opportunities and Challenges Regional Economic Integration of the Republic of Moldova: Opportunities and Challenges Octavian CALMÎC, Deputy Minister of Economy of the Republic of Moldova, Chişinău 2015 Republic of Moldova: geo - economic

More information

A8-0183/ Proposal for a decision (COM(2018)0127 C8-0108/ /0058(COD)) AMENDMENTS BY THE EUROPEAN PARLIAMENT *

A8-0183/ Proposal for a decision (COM(2018)0127 C8-0108/ /0058(COD)) AMENDMENTS BY THE EUROPEAN PARLIAMENT * 7.6.2018 A8-0183/ 001-001 AMDMTS 001-001 by the Committee on International Trade Report Jarosław Wałęsa Further macro-financial assistance to Ukraine A8-0183/2018 Proposal for a decision (COM(2018)0127

More information

Camelia Elena Ivan 1 Bucharest University of Economic Studies, Romania Economics and International Business

Camelia Elena Ivan 1 Bucharest University of Economic Studies, Romania Economics and International Business FOREIGN DIRECT INVESTMENTS IN THE ECONOMY OF THE REPUBLIC OF MOLDOVA Camelia Elena Ivan 1 Bucharest University of Economic Studies, Romania Economics and International Business Abstract The European Union

More information

ECONOMIC MONITOR MOLDOVA Issue 8 June 2018

ECONOMIC MONITOR MOLDOVA Issue 8 June 2018 ECONOMIC MONITOR MOLDOVA Issue 8 June 218 Overview Economic growth of 4.5% in 217, slowdown to low 3.8% expected for 218 Growth driven by private consumption, also positive contribution from investment

More information

NATIONAL BANK OF ROMANIA NATIONAL BANK OF ROMANIA

NATIONAL BANK OF ROMANIA NATIONAL BANK OF ROMANIA Developments in 2003 Consolidation of robust GDP growth (4.8% forecast), with investment and private consumption as the main drivers; in Jan.-Sep. 2003: 4.7% real GDP, with investment and private consumption

More information

OFFICIAL DEVELOPMENT ASSISTANCE STATE CHANCELLERY JULY 9, 2015

OFFICIAL DEVELOPMENT ASSISTANCE STATE CHANCELLERY JULY 9, 2015 OFFICIAL DEVELOPMENT ASSISTANCE 2014 STATE CHANCELLERY JULY 9, 2015 SOURCES OF DATA COLLECTION 1. DEVELOPMENT PARTNERS 2. CENTRAL PUBLIC AUTHORITIES 3. AID MANAGEMENT PLATFORM (www.amp.gov.md) ODA DISBURSED

More information

Official Journal of the European Union. (Legislative acts) DECISIONS

Official Journal of the European Union. (Legislative acts) DECISIONS 17.4.2015 L 100/1 I (Legislative acts) DECISIONS DECISION (EU) 2015/601 OF THE EUROPEAN PARLIAMT AND OF THE COUNCIL of 15 April 2015 providing macro-financial assistance to Ukraine THE EUROPEAN PARLIAMT

More information

ECONOMIC MONITOR MOLDOVA Issue 7 January 2018

ECONOMIC MONITOR MOLDOVA Issue 7 January 2018 ECONOMIC MONITOR MOLDOVA Issue 7 January 218 Overview Economic growth at 3.5% in 217 Weaker growth of 3.% expected in 218 due to decreased consumption demand Inflation at 6.6% in average during 217; lower

More information

Ukraine: Economic and Business Situation Dr. Edilberto Segura SigmaBleyzer/The Bleyzer Foundation July 2018

Ukraine: Economic and Business Situation Dr. Edilberto Segura SigmaBleyzer/The Bleyzer Foundation July 2018 Ukraine: Economic and Business Situation Dr. Edilberto Segura SigmaBleyzer/The Bleyzer Foundation July 2018 1 Main Macroeconomic Indicators Main Macroeconomic Indicators 2011 2012 2013 2014 2015 2016 2017

More information

COMMISSION DECISION. C(2007)6376 on 18/12/2007

COMMISSION DECISION. C(2007)6376 on 18/12/2007 COMMISSION DECISION C(2007)6376 on 18/12/2007 adopting a horizontal programme on the Energy Efficiency Finance Facility for Albania, Bosnia and Herzegovina, Croatia, Montenegro, Serbia including Kosovo

More information

COMMISSION OF THE EUROPEAN COMMUNITIES

COMMISSION OF THE EUROPEAN COMMUNITIES + * + COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 10.01.1996 COM(95) 710 final REPORT FROM THE COMMISSION TO THE COUNCIL AND THE EUROPEAN PARLIAMENT on the implementation of European Investment Bank

More information

Financing SME growth A view from the private sector

Financing SME growth A view from the private sector A view from the private sector Mr. Rainer Münz Erste Group OECD Working Group on Financial Markets Development and Impact of Central Banks Financial Sector Reform in Transition Economies and Policies for

More information

Council of the European Union Brussels, 6 June 2017 (OR. en) Mr Jeppe TRANHOLM-MIKKELSEN, Secretary-General of the Council of the European Union

Council of the European Union Brussels, 6 June 2017 (OR. en) Mr Jeppe TRANHOLM-MIKKELSEN, Secretary-General of the Council of the European Union Council of the European Union Brussels, 6 June 2017 (OR. en) Interinstitutional File: 2017/0129 (NLE) 10002/17 ECOFIN 498 UEM 190 PROPOSAL From: date of receipt: 2 June 2017 To: No. Cion doc.: Subject:

More information

INVESTMENT OPPORTUNITIES OF THE REPUBLIC OF MOLDOVA. Ministry of Economy of the Republic of Moldova

INVESTMENT OPPORTUNITIES OF THE REPUBLIC OF MOLDOVA. Ministry of Economy of the Republic of Moldova INVESTMENT OPPORTUNITIES OF THE REPUBLIC OF MOLDOVA Ministry of Economy of the Republic of Moldova Favourable geopolitical position MOLDOVA TODAY A BRIDGE BETWEEN EAST AND WEST Population GDP growth rate

More information

ROMANIAN ECONOMIC POLICY UNDER THE TRAP INNOCENCE

ROMANIAN ECONOMIC POLICY UNDER THE TRAP INNOCENCE ROMANIAN ECONOMIC POLICY UNDER THE TRAP INNOCENCE Ph.D. Professor Romeo Ionescu Dunarea de Jos University, Romania 1 1. The evolution of the main economic indicators in Romania during 1992-29. 2. The forecast

More information

At the heart of Europe: The Luxembourg Economy in a nutshell. Jeannot Erpelding, Director International Affairs, Chamber of Commerce

At the heart of Europe: The Luxembourg Economy in a nutshell. Jeannot Erpelding, Director International Affairs, Chamber of Commerce At the heart of Europe: The Luxembourg Economy in a nutshell Jeannot Erpelding, Director International Affairs, Chamber of Commerce Agenda Luxembourg: Country & Economy snapshot Key sectors 2 Country snapshot

More information

SWITZERLAND AND EUROPE. 4.1 Trade and Direct Investments Political and Economic Cooperation The Euro... 57

SWITZERLAND AND EUROPE. 4.1 Trade and Direct Investments Political and Economic Cooperation The Euro... 57 SWITZERLAND AND EUROPE 4.1 Trade and Direct Investments... 53 4.2 Political and Economic Cooperation... 53 4.3 The Euro... 57 4 Image European Union delegation for Switzerland and the Principality of Liechtenstein,

More information

FEATURES OF FISCAL AND BUDGETARY POLICY FROM THE PERSPECTIVE OF COMPETITIVENESS

FEATURES OF FISCAL AND BUDGETARY POLICY FROM THE PERSPECTIVE OF COMPETITIVENESS FEATURES OF FISCAL AND BUDGETARY POLICY FROM THE PERSPECTIVE OF COMPETITIVENESS COMANICIU Carmen Abstract: In the content of the indicators of competitiveness (of the business environment, of the resources,

More information

CONTENTS. Topic At A Glance A free trade area with the EU: what does it mean for Georgia? 4

CONTENTS. Topic At A Glance A free trade area with the EU: what does it mean for Georgia? 4 Issue 1 NOVEMBER 2012 CONTENTS DCFTA Highlights Third round marks further progress in the talks 2 After the October 1st elections: DCFTA-reforms need to continue 2 The EU negotiating team meets with the

More information

Proposal for a DECISION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL. providing further macro-financial assistance to Georgia. {SWD(2017) 321 final}

Proposal for a DECISION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL. providing further macro-financial assistance to Georgia. {SWD(2017) 321 final} EUROPEAN COMMISSION Brussels, 29.9.2017 COM(2017) 559 final 2017/0242 (COD) Proposal for a DECISION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL providing further macro-financial assistance to Georgia

More information

The role of FDI and trade in the catching-up process

The role of FDI and trade in the catching-up process Wiener Institut für Internationale Wirtschaftsvergleiche The Vienna Institute for International Economic Studies wiiw.ac.at 8th East Jour Fixe of the Oesterreichische Nationalbank Bulgaria and Romania

More information

BSTDB: The Black Sea Trade and Development Bank. Black Sea Oil & Gas Forum (Sofia, Bulgaria) March 2013

BSTDB: The Black Sea Trade and Development Bank. Black Sea Oil & Gas Forum (Sofia, Bulgaria) March 2013 BSTDB: The Black Sea Trade and Development Bank Black Sea Oil & Gas Forum (Sofia, Bulgaria) March 2013 Black Sea Oil & Gas: Legal, Regulatory & Market Considerations The Black Sea Region forms both: An

More information

DIRECTORATE-GENERAL FOR ECONOMIC AND FINANCIAL AFFAIRS MULTI ANNUAL EVALUATION PROGRAMME. Evaluations planned for Years

DIRECTORATE-GENERAL FOR ECONOMIC AND FINANCIAL AFFAIRS MULTI ANNUAL EVALUATION PROGRAMME. Evaluations planned for Years DIRECTORATE-GENERAL FOR ECONOMIC AND FINANCIAL AFFAIRS MULTI ANNUAL EVALUATION PROGRAMME 1 st June Evaluations planned for Years -2020 The programming calendar presented in the table below is purely indicative

More information

Local Government System and Finances in the Republic of Moldova

Local Government System and Finances in the Republic of Moldova Local Government System and Finances in the Republic of Moldova V I O R E L R O S C O V A N M A Y 2 7, 2 0 1 5 Overview of this talk Background of Local Governance Legislation, Structure, and Competences

More information

Facing the need for a sustainable growth strategy, Moldova has

Facing the need for a sustainable growth strategy, Moldova has IDA at Work Moldova: A Country Ready to Make a Great Leap Forward Facing the need for a sustainable growth strategy, Moldova has been working with the International Development Association (IDA) to address

More information

THE ECONOMY AND THE BANKING SECTOR IN BULGARIA

THE ECONOMY AND THE BANKING SECTOR IN BULGARIA THE ECONOMY AND THE BANKING SECTOR IN BULGARIA SECOND QUARTER OF 2018 SOFIA HIGHLIGHTS The Bulgarian economy recorded growth of 3,6% on an annual basis in Q1 2018, driven by the private consumption and

More information

Council of the European Union Brussels, 23 April 2018 (OR. en) Eugen Orlando Teodorovici, Minister of Public Finance, Ministry of Public Finance

Council of the European Union Brussels, 23 April 2018 (OR. en) Eugen Orlando Teodorovici, Minister of Public Finance, Ministry of Public Finance Council of the European Union Brussels, 23 April 2018 (OR. en) 8257/18 ECOFIN 354 UEM 125 COVER NOTE From: date of receipt: 23 April 2018 To: Subject: Eugen Orlando Teodorovici, Minister of Public Finance,

More information

The Connecting Europe Facility (CEF) Regulation and its impact on Cyprus Republic

The Connecting Europe Facility (CEF) Regulation and its impact on Cyprus Republic The Connecting Europe Facility (CEF) Regulation and its impact on Cyprus Republic The European Commission adopted on October 2011, a plan with a huge budgetary importance of around 50 billion euro aiming

More information

CESEE DELEVERAGING AND CREDIT MONITOR 1

CESEE DELEVERAGING AND CREDIT MONITOR 1 CESEE DELEVERAGING AND CREDIT MONITOR 1 May 27, 214 In 213:Q4, BIS reporting banks reduced their external positions to CESEE countries by.3 percent of GDP, roughly by the same amount as in Q3. The scale

More information

European Semester Country Report for Greece

European Semester Country Report for Greece European Semester Country Report for Greece European commission IOBE conference: Integrating Greece into the European Semester Policy Framework: Priorities for sustainable growth and competitiveness Wednesday,

More information

THE ECONOMY AND THE BANKING SECTOR IN BULGARIA

THE ECONOMY AND THE BANKING SECTOR IN BULGARIA THE ECONOMY AND THE BANKING SECTOR IN BULGARIA THIRD QUARTER OF 2018 SOFIA HIGHLIGHTS The Bulgarian economy recorded growth of 3,2% on an annual basis in Q2 2018, driven by the private consumption and

More information

Albania: Sustaining Growth in a challenging environment. June 1, 2010 ABCDE conference, Tirana The World Bank

Albania: Sustaining Growth in a challenging environment. June 1, 2010 ABCDE conference, Tirana The World Bank Albania: Sustaining Growth in a challenging environment June 1, 2010 ABCDE conference, Tirana The World Bank Outline Economic track record Investment and employment Old and new challenges for growth Conclusions

More information

Activities Implemented to Date

Activities Implemented to Date CROATIA 79 Summary The government has acted on the more stable macroeconomic environment to introduce structural reforms designed mainly to improve fiscal sustainability, a strategy developed in co-operation

More information

Economic connectivity in European conflict regions - The case of Transnistria -

Economic connectivity in European conflict regions - The case of Transnistria - Economic connectivity in European conflict regions - The case of Transnistria - Workshop at Vienna Institute for International Economic Studies (wiiw) Jörg Radeke, Berlin Economics Vienna, 01 July 2016

More information

ANNEX: IPA 2010 NATIONAL PROGRAMME PART II - BOSNIA AND HERZEGOVINA. at the latest by 31 December years from the final date for contracting.

ANNEX: IPA 2010 NATIONAL PROGRAMME PART II - BOSNIA AND HERZEGOVINA. at the latest by 31 December years from the final date for contracting. EN EN EN ANNEX: IPA 2010 NATIONAL PROGRAMME PART II - BOSNIA AND HERZEGOVINA 1. IDENTIFICATION Beneficiary Bosnia and Herzegovina CRIS number 2010 / 022-674 Year 2010 Cost EUR 6 000 000 Implementing Authority

More information

European Parliament presented at REHVA supporters seminar Feb 12, 2009 by Ms Sirpa Pietikäinen MEP

European Parliament presented at REHVA supporters seminar Feb 12, 2009 by Ms Sirpa Pietikäinen MEP European Parliament presented at REHVA supporters seminar Feb 12, 2009 by Ms Sirpa Pietikäinen MEP www.epp-ed.eu 2009 Visits and Seminars Unit DG Communication EUROPEAN PARLIAMENT European Union EU 27

More information

Council of the European Union Brussels, 5 March 2015 (OR. en)

Council of the European Union Brussels, 5 March 2015 (OR. en) Council of the European Union Brussels, 5 March 2015 (OR. en) 6704/15 ECOFIN 177 UEM 81 LEGISLATIVE ACTS AND OTHER INSTRUMTS Subject: COUNCIL RECOMMDATION with a view to bringing an end to the excessive

More information

European Commission Greek Authorities. October 2015

European Commission Greek Authorities. October 2015 Plan for technical cooperation in support of structural reforms European Commission Greek Authorities October 2015 I. Introduction 1. Greece has embarked on a major structural reform drive. Whilst over

More information

Fiscal Policy for Development and its Budgetary Implications in Cambodia

Fiscal Policy for Development and its Budgetary Implications in Cambodia ESCAP High-level Policy Dialogue Ministry of Finance of the Republic of Indonesia International Economic Summit 2013 Eleventh Bank Indonesia Annual International Seminar Macroeconomic Policies for Sustainable

More information

EU Funds investments and projections, preparation for the period December, 2014

EU Funds investments and projections, preparation for the period December, 2014 EU Funds investments and projections, preparation for the 2014-2020 period December, 2014 Content 1.Implementation progress 2.Risks 3.Progress of EU funds planning documents 2014-2020 4.Preparation for

More information

9431/18 RS/MCS/mz 1 DG B 1C - DG G 1A

9431/18 RS/MCS/mz 1 DG B 1C - DG G 1A Council of the European Union Brussels, 15 June 2018 (OR. en) 9431/18 NOTE From: To: No. Cion doc.: General Secretariat of the Council ECOFIN 511 UEM 190 SOC 323 EMPL 259 COMPET 381 V 365 EDUC 215 RECH

More information

Rules of Origin. And why they matter to SME exporters in developing countries. UNCTAD Executive Training on Negotiating and drafting rules of origin

Rules of Origin. And why they matter to SME exporters in developing countries. UNCTAD Executive Training on Negotiating and drafting rules of origin And why they matter to SME exporters in developing countries UNCTAD Executive Training on Negotiating and drafting rules of origin Florence, April 20th 2015 Who are we? - Centre for the Promotion of Imports

More information

Report to G20 Compact with Africa Compact Narrative Ethiopia Goal: Improve framework conditions for private investment (domestic and foreign)

Report to G20 Compact with Africa Compact Narrative Ethiopia Goal: Improve framework conditions for private investment (domestic and foreign) Report to G20 Compact with Africa Compact Narrative Goal: Improve framework conditions for private investment (domestic and foreign) has experienced a rapid and sustained economic growth over the past

More information

THE SPANISH ECONOMY: FACTS THAT CANNOT BE OVERLOOKED

THE SPANISH ECONOMY: FACTS THAT CANNOT BE OVERLOOKED THE SPANISH ECONOMY: FACTS THAT CANNOT BE OVERLOOKED Luis de Guindos Minister of Economy and Competitiveness 6 September 2012 Accumulated Imbalances of the Spanish Economy 1. Private sector indebtedness

More information

INTERNATIONAL MONETARY FUND AUSTRIA. Staff Report for the 2009 Article IV Consultation Informational Annex

INTERNATIONAL MONETARY FUND AUSTRIA. Staff Report for the 2009 Article IV Consultation Informational Annex INTERNATIONAL MONETARY FUND AUSTRIA Staff Report for the 2009 Article IV Consultation Informational Annex Prepared by the Staff Representatives for the 2009 Consultation with Austria (In Consultation with

More information

INTERNATIONAL DEVELOPMENT ASSOCIATION AND INTERNATIONAL MONETARY FUND REPUBLIC OF ARMENIA

INTERNATIONAL DEVELOPMENT ASSOCIATION AND INTERNATIONAL MONETARY FUND REPUBLIC OF ARMENIA INTERNATIONAL DEVELOPMENT ASSOCIATION AND INTERNATIONAL MONETARY FUND REPUBLIC OF ARMENIA Poverty Reduction Strategy Paper Second Progress Report Joint Staff Advisory Note Prepared by the Staffs of the

More information

CATEGORIES OF INTERVENTION. Fiche no 6. Brussels, 14 November Commission Proposals

CATEGORIES OF INTERVENTION. Fiche no 6. Brussels, 14 November Commission Proposals CATEGORIES OF INTERVENTION Fiche no 6 Brussels, 14 November 2011 Articles Commission Proposals Articles 87 (2) (b) (iv) and 102 (2) Common Provisions Regulation [COM(2011) 615] This draft working paper

More information

Instrument for Pre-Accession Assistance (IPA) Multi-annual Indicative Planning Document (MIPD) Republic of Croatia

Instrument for Pre-Accession Assistance (IPA) Multi-annual Indicative Planning Document (MIPD) Republic of Croatia EN Instrument for Pre-Accession Assistance (IPA) Multi-annual Indicative Planning Document (MIPD) 2009-2011 Republic of Croatia EN EN TABLE OF CONTENTS Executive Summary... 4 Section 1... 7 Assessment

More information

DOCUMENT OF THE EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT STRATEGY FOR MOLDOVA. As approved by the Board of Directors on 4 September 2007.

DOCUMENT OF THE EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT STRATEGY FOR MOLDOVA. As approved by the Board of Directors on 4 September 2007. DOCUMENT OF THE EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT STRATEGY FOR MOLDOVA As approved by the Board of Directors on 4 September 2007. TABLE OF CONTENTS EXECUTIVE SUMMARY...4 COUNTRY STRATEGY...6

More information

The Republic of Moldova: Key developments and Challenges

The Republic of Moldova: Key developments and Challenges The Republic of Moldova: Key developments and Challenges Investment opportunities Calmic Octavian, deputy minister Ministry of Economy of the Republic of Moldova May, 2011 Economic recovery GDP compared

More information

European Bank for Reconstruction and Development s areas of intervention in the water sector

European Bank for Reconstruction and Development s areas of intervention in the water sector European Bank for Reconstruction and Development s areas of intervention in the water sector Dr David Tyler Water & Wastewater Sector Specialist November 2016 Contents Introduction to EBRD EBRD and the

More information

COMMISSION REGULATION (EU)

COMMISSION REGULATION (EU) 24.9.2010 Official Journal of the European Union L 250/5 COMMISSION REGULATION (EU) No 838/2010 of 23 September 2010 on laying down guidelines relating to the inter-transmission system operator compensation

More information

Draft. COMMISSION REGULATION (EU) No /

Draft. COMMISSION REGULATION (EU) No / EN EN EN EUROPEAN COMMISSION Brussels, C(2010) XXX final Draft COMMISSION REGULATION (EU) No / of on laying down guidelines relating to the inter-transmission system operator compensation mechanism and

More information

TAIEX AND TWINNING INSTRUMENTS FOR SHARING EU EXPERTISE

TAIEX AND TWINNING INSTRUMENTS FOR SHARING EU EXPERTISE TAIEX AND TWINNING INSTRUMENTS FOR SHARING EU EXPERTISE Lazar Todorov Team Leader FINANCIAL INFORMATION: CATALYST FOR GROWTH SENIOR OFFICIALS WORKSHOP, 28-29 March 2017, Brussels DG Neighbourhood and Enlargement

More information

ANNEX C1: Twinning Fiche

ANNEX C1: Twinning Fiche ANNEX C1: Twinning Fiche Project title: Reform of the initial and continuous training of the police system in the Republic of Moldova Beneficiary administration: Ministry of Internal Affairs and the General

More information

COMMISSION OF THE EUROPEAN COMMUNITIES REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL

COMMISSION OF THE EUROPEAN COMMUNITIES REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 02.05.2005 COM(2005) 178 final REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL GENERAL REPORT ON PRE-ACCESSION ASSISTANCE (PHARE ISPA

More information

South Eastern Europe BEEPS-at-a-Glance

South Eastern Europe BEEPS-at-a-Glance Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Introduction The EBRD-World Bank Business Environment and Enterprise Performance Survey

More information

European Commission takes over the national authorities competence with regard to international trade Common Customs Tariff

European Commission takes over the national authorities competence with regard to international trade Common Customs Tariff MINISTRY OF ECONOMY AND COMMERCE Foreign Trade Department ROMANIA Member of the European Union ECONOMIC DEVELOPMENT AND OPPORTUNITIES IN ROMANIA By Iuliu WINKLER, minister delegate for commerce Romania

More information

Belarus BEEPS-at-a-Glance

Belarus BEEPS-at-a-Glance Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Introduction The EBRD-World Bank Business Environment and Enterprise Performance Survey (BEEPS) is a joint initiative

More information

AM005e-X 1 AZERBAIJAN

AM005e-X 1 AZERBAIJAN AM005e-X 1 AZERBAIJAN Dear participants of the Annual Meeting, Ladies and Gentlemen! First of all, I would like to express my gratitude to our Georgian friends and colleagues, as well as the Georgian authorities

More information

Ukraine BEEPS-at-a-Glance

Ukraine BEEPS-at-a-Glance Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Introduction The EBRD-World Bank Business Environment and Enterprise Performance Survey (BEEPS) is a joint initiative

More information

Standard Project Fiche. 1.2 Title: Further Institutional Strengthening of the Court of Accounts

Standard Project Fiche. 1.2 Title: Further Institutional Strengthening of the Court of Accounts Standard Project Fiche 1. Basic Information 1.1 Desiree Number: RO-2002/000-586.03.03 1.2 Title: Further Institutional Strengthening of the Court of Accounts 1.3 Sector: Finance 1.4 Twinning component:

More information

EXPENDITURE RULES. Database

EXPENDITURE RULES. Database EXPENDITURE RULES Fiscal (or budgetary) rules regulate the development of public budget deficits and surpluses (see DICE Report 2/2004), without explicit reference to s or revenues. The revenue side is

More information

COMMISSION OF THE EUROPEAN COMMUNITIES COMMISSION STAFF WORKING DOCUMENT. Ex ante evaluation statement Macro-financial assistance to Ukraine

COMMISSION OF THE EUROPEAN COMMUNITIES COMMISSION STAFF WORKING DOCUMENT. Ex ante evaluation statement Macro-financial assistance to Ukraine EN EN EN COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 29.10.2009 SEC(2009) 1428 final COMMISSION STAFF WORKING DOCUMENT Ex ante evaluation statement Macro-financial assistance to Ukraine Accompanying

More information

IPA TWINNING NEWS NEAR SPECIAL

IPA TWINNING NEWS NEAR SPECIAL IPA TWINNING NEWS NEAR SPECIAL European IPA Twinning Projects Pipeline 2018 Project title ALBANIA IPA 2015 (indirect management CFCU) Title "Support to the Bank of Albania for Q3 2018 the Technical Cooperation

More information

Ministry of Finance of Georgia. Georgia The Outlook. January 2018

Ministry of Finance of Georgia. Georgia The Outlook. January 2018 Ministry of Finance of Georgia Georgia The Outlook January 2018 Axes of Georgia s Long-Term Growth Strategy The Government of Georgia s long-term strategy seeks sustained and inclusive growth that is based

More information

ECONOMIC MONITOR GEORGIA Issue 8 [updated] June 2018

ECONOMIC MONITOR GEORGIA Issue 8 [updated] June 2018 ECONOMIC MONITOR GEORGIA Issue 8 [updated] June 218 Overview High economic growth of 5.% in 217 and 5.5% in Jan-Apr 218 Demand side: balanced growth based on consumption, investment and net exports Positive

More information

Gross domestic product of Montenegro in 2016

Gross domestic product of Montenegro in 2016 MONTENEGRO STATISTICAL OFFICE R E L E A S E No:174 Podgorica 29 September 2017 When using the data pleaase name the source Gross domestic product of Montenegro in 2016 Real growth rate of gross domestic

More information

Azerbaijan Country Partnership Strategy

Azerbaijan Country Partnership Strategy Azerbaijan Country Partnership Strategy 2017-2018 Page 1 of 9 TABLE OF CONTENTS Page # I. Main Economic Indicators 3 II. Economic Overview and Outlook 4 Real Sector 4 External Sector 4 Fiscal Outlook 4

More information

Ukraine Investor Presentation. February 2018

Ukraine Investor Presentation. February 2018 Ukraine Investor Presentation February 2018 Key milestones to Ukraine s economic recovery May 2014 Petro Poroshenko being elected President of Ukraine Oct 2014 Anti-corruption package adopted Oct 2014

More information

Limitations on government debt and deficits. Romanian aspects

Limitations on government debt and deficits. Romanian aspects Limitations on government debt and deficits. Romanian aspects Most of the regulations concerning the limitation of budgetary deficit and of public debt are relatively new in the Romanian legal system,

More information

LEI requirements under MiFID II

LEI requirements under MiFID II LEI requirements under MiFID II Table of contents 1. Scope & deadlines 2. LEI requirements 3. Reporting scenarios Scope & deadlines Regime Entities concerned Application Market Abuse (secondary market

More information

Working with the European Bank for Reconstruction and Development. Matti Hyyrynen 15 th March 2018

Working with the European Bank for Reconstruction and Development. Matti Hyyrynen 15 th March 2018 Working with the European Bank for Reconstruction and Development Matti Hyyrynen 15 th March 2018 EBRD Introduction An international financial institution supporting the development of sustainable well-functioning

More information

NOTE SFIC opinion on the Multi-Annual Roadmaps for international cooperation

NOTE SFIC opinion on the Multi-Annual Roadmaps for international cooperation EUROPEAN UNION EUROPEAN RESEARCH AREA AND INNOVATION COMMITTEE Strategic Forum for International S&T Cooperation Secretariat Brussels, 10 June 2014 (OR. en) ERAC-SFIC 1359/14 NOTE Subject: SFIC opinion

More information

Florensa Haxhi. PEMPAL Budgeting Community of Practice Minsk, June

Florensa Haxhi. PEMPAL Budgeting Community of Practice Minsk, June REPUBLIC OF ALBANIA Council of Ministers Department of Strategy and Donor Coordination PEMPAL Budgeting Community of Practice Minsk, June 14-16 2011 Florensa Haxhi Albanian Context Integrated Planning

More information

I N S T R U M E N T f o r P R E - A C C E S S I O N A S S I S T A N C E ( I P A I I ) Priorities incl. cross-border cooperation

I N S T R U M E N T f o r P R E - A C C E S S I O N A S S I S T A N C E ( I P A I I ) Priorities incl. cross-border cooperation I N S T R U M E N T f o r P R E - A C C E S S I O N A S S I S T A N C E 2014-2020 ( I P A I I ) Priorities incl. cross-border cooperation I N S T R U M E N T f o r P R E - A C C E S S I O N A S S I S T

More information

Synopsis. Challenge. More Results. Turkey-Sustained and Equitable Growth for Continued Economic Success

Synopsis. Challenge. More Results. Turkey-Sustained and Equitable Growth for Continued Economic Success Turkey-Sustained and Equitable Growth for Continued Economic Success Turkey Sustained and Equitable Growth for Continued Economic Success Synopsis Turkey is one of the greatest success stories of the global

More information

FINANCING ENERGY PROJECTS IN DEVELOPING COUNTRIES

FINANCING ENERGY PROJECTS IN DEVELOPING COUNTRIES FINANCING ENERGY PROJECTS IN DEVELOPING COUNTRIES HOSSEIN RAZAVI, PHD CONTENTS List of Executive Overviews Summaries Figures Tables Preface Acknowledgments Abbreviations and Acronyms Units and Conversion

More information

Age (as of July 1, 1996) and over

Age (as of July 1, 1996) and over BALKANS IN 2010: ROMANIA BACKGROUND by Assenka Yonkova, IME Acknowledgments This paper is based on statistical information from the National Statistics Commission of Romania, EBRD, Standard & Poor s Sovereign

More information

9444/18 RS/MCS/mz 1 DG B 1C - DG G 1A

9444/18 RS/MCS/mz 1 DG B 1C - DG G 1A Council of the European Union Brussels, 15 June 2018 (OR. en) 9444/18 NOTE From: To: No. Cion doc.: General Secretariat of the Council ECOFIN 528 UEM 206 SOC 341 EMPL 275 COMPET 398 V 381 EDUC 230 RECH

More information

At the heart of Europe: The Luxembourg Economy in a nutshell. Carlo Thelen, Director General, Chamber of Commerce

At the heart of Europe: The Luxembourg Economy in a nutshell. Carlo Thelen, Director General, Chamber of Commerce At the heart of Europe: The Luxembourg Economy in a nutshell Carlo Thelen, Director General, Chamber of Commerce Agenda Luxembourg: Country & Economy snapshot Key sectors 2 Country snapshot The open and

More information

Investing in SMEs in the Eastern Partnership

Investing in SMEs in the Eastern Partnership STRONGER ECONOMY #eu4business Investing in SMEs in the Eastern Partnership Republic of Moldova COUNTRY REPORT JUNE 2018 Table of contents Introduction 1 SECTION 1: General economic overview of the country

More information

DMFAS Programme News

DMFAS Programme News ISSUE 18 g DMFAS Programme News August 2016 Inside this issue 1. Supporting the rebuilding of the Central African Republic's back-office 2. Strengthening debt management in Albania 2. Moldova debt management

More information

Economic Performance. Economic Growth 3.4% in 2016 from 1.1% in Increase of new registered domestic and foreign businesses

Economic Performance. Economic Growth 3.4% in 2016 from 1.1% in Increase of new registered domestic and foreign businesses Economic Performance Economic Growth 3.4% in 2016 from 1.1% in 2013 4 3.5 3 2.5 2 1.5 1 0.5 0 1.1 Economic growth in 2016-3,4% compared to 2,6% in 2015; one of highest economic growth in the region Source:

More information

Gross domestic product of Montenegro for period

Gross domestic product of Montenegro for period MONTENEGRO STATISTICAL OFFICE RELEASE No: 211 Podgorica, 30. September 2015 When using these data, please name the source Gross domestic product of Montenegro for period 2010-2014 Real growth rate of gross

More information

COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL AND THE EUROPEAN CENTRAL BANK

COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL AND THE EUROPEAN CENTRAL BANK EUROPEAN COMMISSION Brussels, 21.10.2015 COM(2015) 602 final COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL AND THE EUROPEAN CENTRAL BANK A roadmap for moving towards a more

More information

The Second Economic Adjustment Programme for Greece update on progress and challenges

The Second Economic Adjustment Programme for Greece update on progress and challenges The Second Economic Adjustment Programme for Greece update on progress and challenges 17 May 2013 Compliance Report (I) A technical report by the Commission Services, in liaison with the ECB. To help the

More information

Turkey: Recent Developments and Future Prospects. ISBANK Economic Research Division October 2018

Turkey: Recent Developments and Future Prospects. ISBANK Economic Research Division October 2018 Turkey: Recent Developments and Future Prospects ISBANK Economic Research Division October 2018 Macroeconomic Outlook Strong Economic Growth Cycle GDP of 851 bn USD (2017), 10.6k USD (2017) per capita

More information

DG Employment, Social Affairs and Inclusion

DG Employment, Social Affairs and Inclusion DG Employment, Social Affairs and Inclusion Annual work programme for operational technical assistance to implement the activities of the support group for Cyprus at the initiative of the Commission in

More information

ICT, knowledge and the economy 2012 Statistical annex

ICT, knowledge and the economy 2012 Statistical annex ICT, knowledge and the economy 2012 Statistical annex This annex includes some tables with supplementary figures to the publication ICT, knowledge and the economy 2012. The tables are arranged by chapter.

More information

EASO STATEMENT OF REVENUES AND EXPENDITURES 2017

EASO STATEMENT OF REVENUES AND EXPENDITURES 2017 European Asylum Support Office EASO STATEMENT OF REVENUES AND EXPENDITURES 2017 AMENDMENT 1-13/06/2017 SUPPORT IS OUR MISSION EASO STATEMENT OF REVENUES AND EXPENDITURES 2017 REVENUES Amounts in EUR Budget

More information

ENI Cross Border Cooperation Programme. Black Sea Basin

ENI Cross Border Cooperation Programme. Black Sea Basin ENI Cross Border Cooperation Programme Black Sea Basin 2014-2020 Eligible area 2014-2020 8 participating countries: Romania, Bulgaria, Greece, Turkey, Ukraine, (With Black Sea Surrounding territories)

More information

A Strategy for Growth in the EU How to Boost the Economic Recovery?

A Strategy for Growth in the EU How to Boost the Economic Recovery? A Strategy for Growth in the EU How to Boost the Economic Recovery? EU Commission and Konrad Adenauer Stiftung Berlin, November 19, 01 Lorenzo Codogno Director General, Italian Ministry of Economy and

More information

Delegations will find below the above-mentioned roadmap as presented by the Presidency.

Delegations will find below the above-mentioned roadmap as presented by the Presidency. Council of the European Union Brussels, 6 March 2015 (OR. en) 6543/15 NOTE From: To: General Secretariat of the Council CO EUR-PREP 10 POLG 27 V 79 ER 43 MI 110 RECH 33 COMPET 61 IND 24 ECOFIN 133 SOC

More information