The commercial quandary, the second one monetary surprise to hit the japanese Europe and the South Caucasus zone after the cave in of the Soviet Union, has been a caution and a choice to motion. The area has many benefits and lots more and plenty strength, yet a few of this was once squandered in the course of the growth years of the 2000s. The experiences contained during this quantity display that the capability remains to be there and that the measures that have to be taken to understand that strength are possible and cheap. a few of them could have a nearly speedy impact, resembling easing entry to finance for small and medium-sized companies and commencing up new markets for the region's items. Others are extra medium-term, resembling redeveloping product strains within the metal or in agriculture. essentially the most severe reforms, like elevating the extent of schooling and bettering health and wellbeing care, would require political and financial funding over the longer term. not one of the options during this e-book are, even though, past the limits of threat. Governments and the non-public quarter be interested in imposing reforms to diversify the economic climate and increase the distribution of sales. Given the big strength of the jap eu and South Caucasus nations, the zone has each cause to be convinced approximately its destiny
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Additional resources for Development in Eastern Europe and the South Caucasus: Armenia, Azerbaijan, Georgia, Republic of Moldova and Ukraine
Companies are thus obliged to transport their product via low quality roads to Yerevan and then to Georgian ports by rail or by truck. Mines and smelters have also polluted the nearby rivers, soil, forests and air. Despite a lack of ¿QDQFHDQGUHJXODWLRQVD6SHFLDO(QYLURQPHQW3URWHFWLRQIXQGKDVEHHQHVWDEOLVKHGDQGIRUWKH SDVW¿YH\HDUVPLQLQJFRPSDQLHVKDYHEHHQSD\LQJFRPSHQVDWLRQLQWRWDODURXQG$0'PLOOLRQ or USD 1 million) for damage to the soil. 13 Current situation of the mining industry =DQJH]XU&RSSHU0RO\EGHQXP&RPELQHLQWKHVRXWKLVWKHODUJHVWHQWHUSULVHZLWKDQGRI the total regional deposits of copper and molybdenum respectively.
UPHQLDKDVDVLJQL¿FDQWSRWHQWLDOIRUSURGXFLQJRUJDQLFSURGXFWVZKLFKFDQEHFRPSHWLWLYHEHFDXVH of favourable climatic conditions and affordable costs of land and labour. The law “On Organic Agriculture” was adopted on 8 April 2008 to regulate the production, preservation, processing, WUDQVSRUWDWLRQDQGVDOHRIDJULFXOWXUDOSURGXFWVDQGWRGH¿QHWKHSULQFLSOHVRIPDQDJHPHQWRIRUJDQLF DJULFXOWXUHLPSURYHPHQWRIWKHVRLO¶VTXDOLWLHVHQVXULQJPD[LPXPSUHVHUYDWLRQRIELRORJLFDOYDOXH RIDJULFXOWXUDOIRRGVWXIILQSURFHVVLQJDQGHOLPLQDWLRQRIHQYLURQPHQWDOSROOXWLRQXVHRIV\QWKHWLF FKHPLFDOVXEVWDQFHVDQGJHQHWLFDOO\PRGL¿HGFURSV7KHODZDOVRVWLSXODWHVVWDWHVXSSRUWWRRUJDQLF DJULFXOWXUHE\DVVLVWLQJWRLQWURGXFHLQQRYDWLRQVDQGPRGHUQWHFKQRORJ\RUJDQLVLQJEXVLQHVVIRUXPV DQGIDLUVWKXVVWUHQJWKHQLQJFRRSHUDWLRQEHWZHHQFRXQWULHVDQGIRVWHULQJH[SRUWVDQG¿QDQFLQJ “target projects”.
The GoA decided to train experts in Public Finance Management in order to implement the reform in the following stages: preparation, process organising, infrastructure development and implementation. Several workshops on PFM reform with the participation of the Prime Minister and relevant GoA bodies were held in 2009 and 2010. GoA has given particular importance to enhancing ¿VFDOGLVFLSOLQHW\LQJUHVRXUFHVWRSULRULW\SROLFLHVVHFXULQJYDOXHIRUPRQH\LQWKHXVHRISXEOLF funds. However, the reform is still in progress and an effective PFM monitoring system is not yet established.