Romania, Georgia, Ukraine and Moldova

National Energy Regulators: A Comparative Assessment

The following report analyzes the capacity (governance and performance) of energy (gas and electricity) regulators in Moldova, Georgia and Ukraine and “benchmarks” them to the Romanian energy regulator. Energy regulators in countries that follow EU’s Energy Directives of the Third Energy Package – EU members, as well as members of the Energy Community and countries ···

State-Owned Companies – Preventing Corruption and State Capture

A Comparative Assessment – Performance vs Governance of SOEs in Romania, Italy, Bulgaria and the Czech Republic

Can we measure corruption and capture in state-owned companies, beyond impressions, opinion polls and indicators of compliance with governance standards? Is there a way in which we can gauge the level of resources that are misused or simply wasted, can we compare across countries and in time, and is there a correlation between the governance ···

Working Paper

Foregone Opportunities: How Romanian State-Owned Companies Burden Public Budgets

Despite 25 years of reforms towards a market economy, the Romanian public sector companies remain a major fiscal and economic burden. When poorly governed, such companies distort the competition in various markets. They may purchase overpriced supplies or sell goods and services at below market prices, in contracts concluded non-competitively with preferential partners. By such deals, ···

The secret Ordinance for the "security of supply" blasts the energy market

How the Government sticks the finger in the socket

In a renewed effort to keep inefficient power plants going, the government issued an Ordinance which simply blows up the whole energy market. Shrewdly disguised as a matter of “security of electricity supply” (a “strategic” objective, of course), the Ordinance does nothing to help system security, but allows bankrupt power plants to survive together with ···

Parliament Palace, March 15, 14.00-16.00, public debate EFOR

ENERGY: Liberalization with a human touch, or how should the government avoid being electrocuted, Bulgarian style

It’s time to learn from others’ mistakes: sooner or later, energy reform should be done and completed. Sooner and cogently is preferable to later on with oversized costs. See how is to be done in the report attached here (Romanian only): Pol-Brief-20 Given that energy is a sensitive subject, price increases can overthrow a government. ···