UNUnited Nations Economic Commission for Europe

Press Releases 2000

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Press Release ECE/GEN/00/29
Geneva, 24 November 2000

"Through the Looking Glass: a Handbook for Investors"

"Through the Looking Glass: a Handbook for Investors" - presented by Ms. Danuta Hübner, UN/ECE Executive Secretary, and Mr. Paolo Garonna, Director of the UN/ECE Statistical Division, at the CEl Summit Economic Forum of Budapest (22-25 November 2000) is a tangible sign of the UN/ECE and CEI commitment to support investment in the region.

Ms. Danuta Hübner will present the role of the United Nations Economic Commission for Europe (UN/ECE) in the region during the CEI high-level political meetings - Meetings of the Heads of Governments and Ministers of Foreign Affairs, and a Round Table of Ministers of Economy (24 and 25 November 2000 in Budapest).

Since 1998 the UN/ECE and the CEI are implementing a cooperation programme to attain common objectives, particularly the promotion of a suitable investment environment.

The Central European Initiative (CEI) is the oldest and largest of the regional cooperations in Central and Eastern Europe that emerged in 1989 and has enlarged thereafter. At present it comprises 16 Member States, two of which are members of the European Union (Austria and Italy), seven are candidates for EU membership (Bulgaria, Czech Republic, Hungary. Poland, Romania, Slovakia and Slovenia), four are from South Eastern Europe (Albania, Bosnia-Herzegovina, Croatia, Macedonia) to which the European Union has offered a new approach in the form of "stabilization and association agreements" on an individual basis, and the three Western CIS (Commonwealth of Independent States) countries (Belarus, Moldova, and Ukraine).

The CEI has established an integrated framework of dialogue, coordination and cooperation among its member countries in the political, economic, cultural and parliamentary fields.

The UN/ECE actively contributes to the organization of the CEI Summit Economic Forum (SEF), organized annually in connection with the CEI Summit. On the occasion of this year's edition of the Forum the UN/ECE representatives will be attending several sessions as organizers and/or speakers on the following issues:

Investment Promotion, including project presentation

Real Estate Markets

Private Sector Development

Information Technology

Euroregions

Women Entrepreneurship Development

During the Forum, investment and development projects will be presented within the framework of the joint UN/ECE-CEI Project Opportunity Methodology (POM) giving the opportunity for several bilateral contacts and follow-up.

The UN/ECE in cooperation with the CEI has also prepared a special Handbook for the Forum focusing on investment in the CEI region: "Through the Looking Glass 2000-2001". This Handbook is designed as a practical planning tool showing where we are and where we are heading, and what to do to teach a successful investment strategy in the CEI region. This publication highlights the socio-economic environment, highlights the institutional tools and focuses on selected and concrete opportunities.

This year, the Forum will address issues concerning Euroregionalism, SME's development and support, information society, women's entrepreneurship, investments in environment and technology, infrastructure projects, trade fairs promotion, and will be attended by Ministers of Economy, Presidents of CEI Chambers of Commerce, Directors of Agencies for Business Development along with a high level participation of the business community, the financial sector, international organizations as well as investment analysts, industry leaders, consultants, bankers and fund managers.

For further information, please contact:

Mr. Gianluca Sambucini
CEl Focal Point at the UN/ECE
United Nations Economic Commission for Europe (UN/ECE)
Palais des Nations
CH-1211 Geneva 10

Tel.: +(4122) 917 11 75
Fax: +(4122) 917 01 78
E-mail: [email protected]