IRI Prepared Rating of Moldovan Investments Policy Effectiveness
OREANDA-NEWS. April 20, 2010. According to the study Investment Reform Index 2010 (IRI), prepared by the Organization for Economic Cooperation and Development (OECD) and presented in Chisinau, Moldova is situated in the middle of the rating of effectiveness of policy to attract investments in the domestic economy among the countries of the Southeastern Europe.
The study was conducted within two months. During the study the views of representatives of the state structures as well as entrepreneur’s opinions were identified. "As regards some positions the rating of Moldova is above average and as regards others- slightly lower-, said the representative of OECD Antonio Fanelli at the press conference on Friday. In his turn, the Deputy Minister of Economy Sergiu Ciobanu said that Moldova has made a significant progress in improving the legal rules governing foreign direct investment, but should continue to improve the investment climate.
IRI-2010 experts indicate the necessity to eliminate "discriminatory measures against foreign investors" by revising the legal and regulatory framework of sales of land to foreign investors. OECD also recommends that Moldova should improve system of quality control and food safety, develop a system to guarantee exports and reform program of fiscal control. IRI is annually calculated for Albania, Bulgaria, Bosnia and Herzegovina, Kosovo, Macedonia, Moldova, Romania, Serbia, Croatia and Montenegro.
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