EBRD Calls for Reducing Role of State in Economy of Moldova
OREANDA-NEWS. November 12, 2012. This is stated in EBRD‘s report “Integration across borders”. According to researchers, authorities of the country have to pursue the process of privatization and offer for sale the national air company and rail road.
Among other priorities there is ensuring energy safety by meeting the commitments to the European Energy Community and implementing new banks regulating policies. New rules for disclosure the information about real owners of banks and strict application of policies of the Central Bank will be challenging for the judicial system of Moldova and commitment of the government to implementing reforms, experts explain.
They stress that there are great possibilities in Moldova to considerably improve business environment and depoliticize the banking sector. Researchers point out the progress Moldova achieved in 2012.
The government improved rules for banks governance: the Parliament passed the law ensuring more transparency of the information about banks owners, large state enterprises, such as Banca de Economii and Moldtelecom, are being prepared for sale. Besides, the government is implementing the second stage of the regulatory reform and reducing a number of inspections.
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