UNUnited Nations Economic Commission for Europe

Press Release

[Index]      

CEI Heads of Government recognize UNECE-CEI cooperation as important mechanism to promote private sector investment

Geneva, 24 November 2001

Private sector development and investment promotion have become core fields of development assistance as private financial flows nowadays outstrip public sector aid programmes. The United Nations Economic Commission for Europe (UNECE), in cooperation with the CEI (Central European Initiative), has become an important player in this area.

During the 4th CEI Summit 2001 (Trieste, 21-24 November 2001), Paolo Garonna, Acting Executive Secretary of UNECE, held a meeting with the heads of government of the CEI member countries1 in which he presented some of the results of the successful cooperation of UNECE and CEI, in particular in the field of investment promotion. The CEI heads of government recognized the close cooperation between UNECE and CEI and their important and increasing role in facilitating private sector development and investment.

The Summit Economic Forum (SEF), which forms an integral part of the CEI political summit, recorded a considerable increase in participation: 1,700 visitors of both public and private sector were registered, which accounts for an increase of 70% compared to last year’s event. UNECE contributed to the event with several forum sessions on business facilitation in various sectors, public policy measures to foster their incubation and development, as well as financing tools for SME support.

Moreover, UNECE organized the presentation of concrete investment proposals through posters and slide shows in a separate Project Room. UNECE and CEI have jointly developed a mechanism of matching business partners across countries and within countries, the so-called POM, Project Opportunity Methodology. Based on this methodology, investment proposals have been submitted to UNECE and CEI and resulted into the establishment of a project proposals database.

A publication called "INVESTIGUIDE", compiled by UNECE for the SEF 2001, exhibits 121 project proposals together with a handy analytical key to find adequate projects through the classification of the proposals by country of investment, sector, characteristic activity and project costs. For the future it is intended to make the project proposals directly accessible via the CEI web site. In the course of the SEF 2001, over 50 new project proposals have been submitted for entry in the project proposal database.

 

For further information please contact:

Mr. Gianluca Sambucini
Focal Point for CEI Projects
Coordinating Unit for Operational Activities
United Nations Economic Commission for Europe
Palais des Nations, Office 434
CH - 1211 Geneva 10, Switzerland

Phone: +41(0)22 917 11 75
Fax: +41(0)22 917 01 78
E-mail: [email protected]

 

___________

1 Albania, Austria, Belarus, Bosnia-Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Italy, Moldova, Poland, Romania, Slovakia, Slovenia, The former Yugoslav Republic of Macedonia, Ukraine, Federal Republic of Yugoslavia.

 

Ref:  ECE/OPA/01/14