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Moldova - Policy priorities for private sector development : Raport principal (Romanian)

The Government of Moldova is seeking to change the country's development paradigm and build an export-oriented economy characterized by investment, innovation, and competitiveness, following a decade of 'jobless growth'. This report focuses on improvements that will be needed to move Moldova to the next stage of development as envisioned in the Moldova 2020 strategy; however, reforms over the past decade also deserve acknowledgment. Improving the business environment is an especially important task, given Moldova's low levels of natural resources and small internal market. This study aims to identify the most pressing problems in the business environment that are adversely affecting Moldovan companies' productivity and competitiveness, and to present recommendations that would help remove these obstacles. The analysis is based on a review of existing reports; interviews with government officials, private sector associations, a sample of businesses, and some subject matter experts; as well as original research on access to finance. This study has identified that the following aspects of doing business are the most problematic: customs administration; tax administration; business regulation, consisting of licenses, authorizations, permits, and inspections; the competition framework; and access to finance. This report presents short-term (2013-2014) and longer-term (2015-2017) recommendations in each of the five priority areas.

Details

  • Document Date

    2013/06/01

  • Document Type

    Development Policy Review (DPR)

  • Report Number

    ACS4414

  • Volume No

    1

  • Total Volume(s)

    2

  • Country

    Moldova,

  • Region

    Europe and Central Asia,

  • Disclosure Date

    2013/08/01

  • Disclosure Status

    Disclosed

  • Doc Name

    Raport principal

  • Keywords

    accountability, Action Plan, agriculture, audits, availability of credit, Banking System, beneficiary, best practice, borrower, Business Association, business associations, business development, business development services, Business Environment, Business Indicators, business planning, business registration, Business Regulation, Businesses, call centers, capabilities, capital formation, cartel, cartels, certificates, Chamber of Commerce, Chambers of Commerce, climatic conditions, collateral, collateral requirements, collusion, commercial banks, comparative advantage, Competition Policy, consumer market, consumer protection, consumers, contract enforcement, Copyright, Country risk, Credit Associations, credit information, credit information bureau, Credit Line, current account deficit, custom, customs, Customs clearance, customs declaration, customs declarations, customs revenue, debt, debt crisis, defaults, delivery times, deposit, development strategy, dispute resolution, domestic market, domestic markets, e-government, e-government portal, e-mail, economic activity, economic conditions, economic development, economic factors, economic growth, Economic Performance, electricity, electronic signature, Enabling Environment, energy consumption, Enterprise Survey, equipment, equity investment, export competitiveness, export earnings, export growth, export markets, exporters, exports, financial crisis, financial information, financial infrastructure, Financial Institutions, financial investments, financial management, financial market, Financial Markets, Financial Sector, financial services, financial statements, firm performance, Fixed Capital, Foreign Direct Investment, Foreign Investment, foreign investors, Free Trade, GDP, Global Competitiveness, government policies, government regulations, government revenue, government services, Gross Domestic Product, guarantee fund, Harmonization, holding, human resource, human resource management, Impact Assessment, Inefficiencies in business, inflation, information asymmetries, information technology, innovation, Inspection, Inspections, institution, Interest Rate, Interest Rate Spread, interest rates, International Bank, International Finance, international trade, inventory, investing, Investment Climate, invoice price, judicial system, labor costs, labor force, labor market, labor productivity, lack of transparency, Laws, legal framework, legislation, level playing field, licenses, Lines of Credit, liquidation, loan, loan applications, loan maturities, Local Finance, macroeconomic uncertainty, Manufacturing, market access, Market Competition, market development, market economy, market entry, market players, Market Structure, material, maturities, Microfinance, Microfinance Institutions, migration, Monetary Fund, natural resources, negative shock, new markets, oil, oil prices, one-stop shops, open economies, operating losses, Penalties, pension, pension system, performance indicators, performances, policy framework, Political economy, private consumption, Private Sector, Private Sector Development, privatization, productivity growth, profitability, public administration, queries, real wages, registry, Regulatory Environment, regulatory framework, regulatory frameworks, regulatory requirements, reliability, remittance, Remittances, resource management, result, Results, returns, risk management, risk profiles, rule of law, Savings, social services, Stock Exchange, subsidiary, supply chain, sustainable growth, tax, tax administration, Tax Code, tax rules, technical assistance, technical skills, telephone, time frame, total factor productivity, trade facilitation, Trading, transaction, transaction costs, transfer payments, Transport, Unemployment, uses, valuation, value chains, working hours

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Citation

Moldova - Policy priorities for private sector development : Raport principal (Romanian). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/672191468054252936/Raport-principal