Barriers to healthy business environment in Moldova (including best Slovak experience) Peter Goliaš Institute for economic and social reforms (INEKO),

Slides:



Advertisements
Similar presentations
© OECD A joint initiative of the OECD and the European Union, principally financed by the EU Baku, Public Procurement Monitoring In Azerbaijan.
Advertisements

Trade Rules in Services: Issues and Problems Carsten Fink, The World Bank EU-LDC Network Annual Conference Trade and Poverty Reduction Rotterdam, 30 and.
Doing Business in the Middle East and North Africa – with particular reference to Iraq Baghdad 12 November Presentation to Iraq Private Sector Development.
1 Using and Misusing Investment Incentives James Alm and David L. Sjoquist March 2008.
Improving business environment in Macedonia (transfer of Slovak know-how) Peter Golias Project manager, Business Alliance of Slovakia February 18, 2010.
Facts about Uganda  Population 31.7 million  GDP $36.9 billion  9.5% growth  GDP per Capita $1,165.
Ukrainian Business Environment (TAXATION) Lecturer Anatolii N. Shysh The Chair of Statistics and Economic Analysis.
REGISTERING PROPERTY MEASURING THE QUALITY OF LAND ADMINISTRATION SYSTEMS Frédéric MEUNIER.
Doing Business in The East African Community 2012 Bujumbura, Burundi April 11, 2012 Alfred Ombudo K’Ombudo Coordinator, EAC Investment Climate Program.
Financial & Private Sector Development David Bridgman Brice Richard Regional Product Manager, Investment Climate IFC Advisory Services Subnational Doing.
Estonia Another crises country. Background and History Details of the relevant history, pertinent to its economic condition. Position of the.
Kyiv, May 16, 2005 Business Environment in Slovakia and Potential Learnings.
Examine the role of the government in the US economy. The US is a mixed economy with private and public sector. The government has a crucial role in finding.
Rome, July 9, 2004 Business Environment in EU after Enlargement.
Income Shares Source: WDI Database 2012 Kenya. Gini Index Source: WDI Database 2012.
Leadership in Governance and Accountability Prof Emil Bolongaita.
The Ministry of Economic Development of the Russian Federation 2014 Russia for investors: the key points.
Economic Reforms – Raising Regional Competitiveness Case of Georgia By Aleksi Aleksishvili.
Ivan Mikloš Deputy Prime Minister and Minister of Finance of the Slovak Republic Munich June 18, 2004 GROWTH FOR BETTER SOCIAL STANDARDS BETTER SOCIAL.
Dr Nabil Fahed Vice Chairman Chamber of Commerce, Industry, and Agriculture of Beirut and Mount Lebanon March 26, 2013.
Productivity and Costs (Measure of Changes in Worker Efficiency) Web address: Revisions can be substantial Productivity – output of goods/services per.
Chapter Twenty- Nine: The Global Economy and Policy.
Domestic barriers to economic growth & development.
Chapter Four The Economic Environments Facing Businesses International Business Part Two Comparative Environmental Frameworks.
About the private sector’s needs Conference “COPING WITH SHORT-TERM RISKS AND ACCELERATION OF LONG-TERM GROWTH” June 25-26, 2008 Bishkek, Hyatt Hotel Talai.
Mexico Current Business Environment and Opportunities US. Mexico Chamber of Commerce Chicago IL June11, 2009 pwc.
M O N T E N E G R O Negotiating Team for the Accession of Montenegro to the European Union Working Group for Chapter 3 – Freedom to provide services Bilateral.
Shadow economy in Europe and how to fight against it (with focus on undeclared work and the best Slovak experience) Peter Goliaš Institute for economic.
Structural incentives and their impact on the informal economy Peter Goliaš Institute for economic and social reforms (INEKO), Slovakia November 13, 2012.
Ukraine’s shadow economy in relation to GDP (%) Year Evaluation by the method of the State Statistics Service of Ukraine “Household expenditure – retail.
Doing Business in Estonia & Estonia's Economic Perspectives Siim Raie Director General Estonian Chamber of Commerce and Industry
Economic Environment Workshop Two. Indicators of Economic Performance -Output -Unemployment -Inflation -Balance of Payments.
Structural reforms adopted in Slovakia – best practices Peter Goliaš INEKO Director, Slovakia October 24, 2014 Workshop on enhancing Ukraine`s integration.
Enhancing Ukraine‘s integration chances by transferring Slovak reform know-how Peter Goliaš, INEKO June 3rd 2016, Conference in Bratislava “How to increase.
Experience of Slovak Labour Market Reform Peter Goliaš INEKO – Institute for Economic and Social Reforms 30 November, 2007 Belgrade, Serbia.
How to counter democratic backsliding in CEE? Peter Golias INEKO Director, Slovakia June 21st 2016 Warsaw, Poland.
Public finance consolidation in Slovakia Peter Goliaš INEKO Director, Slovakia May 22, 2015 Webinar on Public Finance Consolidation.
Fiscal decentralization and transparency of municipalities in Slovakia Peter Golias INEKO Director May 28th, 2015 Chisinau, Moldova Seminar on “Financial.
Solutions to high unemployment rate – Case of Slovakia Peter Goliaš INEKO Director, Slovakia January 29, 2016 Webinar on Solutions to High Unemployment.
Investment in Saudi Vision 2030 and Improving the Business Environment Presented by Saudi Arabian General Investment Authority “SAGIA” EU-GCC Trade and.
Albania Trade and investment opportunities
What does Doing Business measure?
Entrepreneurship and Management
Russia for investors: the key points 2016.
Open Local Government Ranking of transparency in 100 Largest Slovak TOWNS and The examples of anti-corruption measures in Slovak municipalities Transparency.
Why NGOs? Selected illustrations
Module 22 Financial Sector
Project progress and expansion: Transparent, financially healthy and competitive municipalities in Moldova Peter Golias INEKO Director June 27-28, 2016.
PRESENTATION OF MONTENEGRO
Understand the role of business in the global economy.
1 #1000preduzeca Methodology. 1 #1000preduzeca Methodology.
SOL Review Questions Civics & Economics #
Shame Mugova Durban University of Technology Durban, South Africa
FIGHTING CORRUPTION AND POVERTY: ARE WE GETTING IT RIGHT?
Improving the Investment Climate
Chapter 2 Section 4 Mixed Economies.
Competition Policy and Law in Cambodia
Peter Golias INEKO Director November 12th, 2015
Vilnius, Lithuania Monday, July 9, 2018.
Peter Golias INEKO Director November 26th, 2015
Analysis of Economic Situation
Related Issue #3 To what extent does globalization contribute to sustainable prosperity for all people? Part 2.
Protecting structural funds from corruption: The case of Slovakia
NS4540 Winter Term 2018 El Salvador Indices
Promoting transparency and financial sustainability of regional policies, state-owned enterprises and local authorities in Moldova Peter Golias, INEKO.
NS4540 Winter Term 2018 Honduras Indices
Financial health of local governments in Slovakia and Moldova
Chapter Four The Economic Environments Facing Businesses
NS4540 Winter Term 2019 Paraguay Overview
RCC Overview & 2018 CMCI Implementation
Presentation transcript:

Barriers to healthy business environment in Moldova (including best Slovak experience) Peter Goliaš Institute for economic and social reforms (INEKO), Slovakia November 14, 2012 Chisinau, Moldova

Key measures Overall ranking Economic Freedom Index, 2012 Corruption Perception Index, 2011 Doing Business, 2013 World Competitiveness Report, 2012-13 Shadow Economy Index, 2000-07 Moldova 124. 112. 83. 87. 135. Romania 62. 75. 72. 78. 77. Slovakia 51. 66. 46. 71. 25. Germany 26. 14. 20. 6. 18. USA 10. 24. 4. 7. 2. Source: Heritage Foundation Transparency International World Bank World Economic Forum Schneider, Buehn, Montenegro

Economic Freedom Index, 2012 Moldova Romania Slovakia Germany USA Overall ranking 124. 62. 51. 26. 10. Business 67. 70. 15. 14. Trade 81. 37. 12. Fiscal freedom 38. 34. 162. 133. Gvt spending 142. 112. 122. 150. 127. Investment 123. 24. 36. Financial freedom 72. 17. 39. Property freedom 53. 2. 19. Corruption 108. 60. 22. Labor 159. 85. 105. 1. Source: Heritage Foundation

World Economic Forum World Competitiveness Report 2012-13, results for Moldova:

What is the evidence? Corruption undermines competitiveness: Source: GCR, 2008-2011 On the corruption scale 10 stands for highest transparency

Trust to government Moldova Romania Slovakia Germany USA Confidence in police 36% 55% 62% 82% 79% Confidence in judicial system 27% 24% 34% 61% 48% Confidence in government 12% 28% 42% 35% City: Quality of healthcare 43% 38% 63% 91% 73% City: Educational system 54% 66% 64% Honesty of elections 31% 17% 50% Corruption in government 81% 87% 78% City: Roads and highways 77% City: Public transportation 59% 67% Source: Gallup WorldView

World Economic Forum World Competitiveness Report 2012-13, results for Moldova, the least competitive indicators (selected by author): Indicator Rank Quality of roads 144 Judicial independence 138 Brain drain 137 Agricultural policy costs 134 Extent of market dominance; Effectiveness of anti-monopoly policy 130 Property rights 122 Favoritism in decisions of government officials 121 Prevalence of foreign ownership 120

WB Doing Business 2013 Starting business Moldova Romania Slovakia Germany USA Ranking 92. 68. 83. 106. 13. Procedures (number) 7 6 9 Time (days) 10 16 15 Cost (% of income per capita) 5.7 2.8 1.8 4.9 1.4 Minimum capital (% of income per capita) 8.7 0.8 21.3 0.0

WB Doing Business 2013 Dealing with construction permits Moldova Romania Slovakia Germany USA Ranking 168. 129. 46. 14. 17. Procedures (number) 26 15 11 9 Time (days) 291 287 286 97 27 Cost (% of income per capita) 69.3 79.1 7.3 48.1 14.4

WB Doing Business 2013 Getting electricity Moldova Romania Slovakia Germany USA Ranking 161. 168. 100. 2. 19. Procedures (number) 7 5 3 4 Time (days) 140 223 158 17 68 Cost (% of income per capita) 578 584.2 249.1 48.3 16.1

WB Doing Business 2013 Paying taxes Moldova Romania Slovakia Germany USA Ranking 109. 136. 100. 72. 69. Payments (number per year) 48 41 20 9 11 Time (hours per year) 220 216 207 175 Total tax rate (% of profit) 31.2 44.2 47.9 46.8 46.7

WB Doing Business 2013 Trading across borders Moldova Romania Slovakia Germany USA Ranking 142. 72. 98. 13. 22. Documents to export (number) 7 5 6 4 Time to export (days) 32 12 17 Cost to export (US$ per container) 1,545 1,485 1,560 872 1,090 Documents to import (number) Time to import (days) 35 13 Cost to import (US$ per container) 1,870 1,495 1,540 937 1,315

WB Doing Business 2013 Resolving insolvency Moldova Romania Slovakia Germany USA Ranking 91. 102. 38. 19. 16. Time (years) 2.8 3.3 4.0 1.2 1.5 Cost (% of estate) 9 11 18 8 7 Recovery rate (cents on the dollar) 32.0 29.2 53.6 78.1 81.5

Best Slovak practices 1/3 1998-2002: Privatization of banks, telecom, energy (transparent international tenders) 2000: Freedom on Information Act (focus on public sector contracts, no “trade secret” objection) 2003: Labor market reform More flexible Labor Code (entry/exit, fixed-term, part-time) Weaker Unions 2003-2004:Flat-tax reform: Decrease in direct income taxes (to 19% for individuals and businesses), increase in indirect consumption taxes (19% VAT) Radical simplification of tax code (no exemptions, no minor taxes) Tax deductible (people with low income do not pay income taxes) Tax bonuses for children (parents pay lower taxes or, with too low income, they get money back from the state – negative tax)

Best Slovak practices 2/3 2003: Online business registry (user-friendly, searchable) 2004: Specialized Court and Prosecutor’s Office (focus on big corruption cases) 2004: Social benefits reform: Activation benefits for unemployed (part of social benefit is payable only upon providing limited work for public purposes) 2005: Pension reform: Linking contributions to pension benefits 2007: Online Land Registry

Best Slovak practices 3/3 2011: Publishing all property contracts and invoices of public institutions on internet They will not become valid unless they are published Shift from on-demand to automatic transparency Creation of searchable portals 2011: Wider use of mandatory electronic auctions when public sector institutions purchase goods TIS research: more bids, 6-15% savings 2011: Wider use of competition methods in public procurement 2012: Publishing court rulings on internet, public selection of judges

Thank you for attention.