Description: Republic of Moldova : Policy Priorities for Private Sector Development

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Republic of Moldova : Policy Priorities for Private Sector Development

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...

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Bibliographic Details
Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	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 CARTELS CERTIFICATES CHAMBER OF COMMERCE CHAMBERS OF COMMERCE CLIMATIC CONDITIONS COLLATERAL COLLATERAL REQUIREMENTS 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 INPUTS 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
Online Access:	http://documents.worldbank.org/curated/en/2013/06/18063990/moldova-policy-priorities-private-sector-development-vol-1-2-main-report http://hdl.handle.net/10986/16026

Description
Summary:	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.