EBA Analysis of Key Business Environment Issues Presented

Sursa foto: DCFTA.MD

On 6 April 2017 a new publication, “Key Business Environment Issues Affecting Private Sector Development” was presented by the European Business Association (EBA) in cooperation with the EU-funded project “Support to the DCFTA process in the Republic of Moldova” (DCFTA project).

In his opening remarks, HE Pirkka Tapiola, EU Ambassador to Moldova, emphasised the added value of this publication in order to guide investment decisions of business companies: “DCFTA is the best thing that could happen to Moldova and EU market is the place where you want to be, is the place where you can make your reputation, your fortunes, if you meet EU standards. You can really make it anywhere. However, there’s a lot of work that needs to be done and I would like to thank the European Business Association for arranging this event and I would really like to thank their role in working on Key Business Environment Issues and gathering these issues. Now these issues are very complex and these are issues which will fundamentally guide investment decisions of business companies in Moldova in addition to their considerations of the EU as a large, open and attractive market.”

The Minister of Economy, Octavian Calmâc, also highlighted the added benefit of this publication and its impact on private sector and business organisations: “During this event we will try not only to identify the problems, but especially to focus on solutions and I believe these are our biggest expectations. Solutions come from the policy instruments and we will apply them, promote them so as to have a friendly legislation for businesses and for our international commitments which Moldova has undertaken”.

Mr. Petros Sourmelis, Head of Unit from DG Trade in the European Commission (Brussels), emphasized the positive growth of Moldovan exports to the EU in 2016 (now 65% of Moldovan exports go the EU compared to 48% previously) and a small growth in EU exports to Moldova (increased by 7%). He stated that Moldova’s DCFTA with the EU is a mechanism for reform and not just a mercantile free trade instrument. Implementation of the reforms implemented under the DCFTA are an important aspect for success.

Mr. Thomas Moser, EBA President, presented the major findings of this publication in a closed session with EBA members, attending public authorities and private sector representatives. The views of EBA members were summarized in this publication which highlighted both the positive developments and major areas for concern in 2016 for eight topics: political stability, macroeconomic stability, legal and tax framework, customs framework, rule of law, infrastructure, access to financial services and human resources. The panelists and the private sector discussed the identified problems and possible solutions in a question-and-answer session, moderated by Ms. Mariana Rufa, EBA Executive Director. 

Please find this publication below: