Cover analysis report for Central and Eastern Europe
The 2007/8 concession laws assessment is part of the EBRD's efforts to improve the legal environment in its countries of operations. Through the Project, the European Bank for Reconstruction and Development (EBRD) aims to encourage, influence and provide guidance to policy and law makers, while developing the concessions and PPP related legal reform in the region. In addition to concession laws assessment the EBRD has undertaken similar evaluations in secured transactions, corporate governance, bankruptcy and securities markets.
The assessment includes: Albania, Armenia, Azerbaijan, Belarus, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, FYR Macedonia, Georgia, Hungary, Kazakhstan, Kyrgyz Republic, Latvia,...
This paper reviews reform progress in the railway sector in the Eastern Europe and Central Asia (ECA) region. It primarily focuses on Estonia , Croatia , Kazakhstan , Poland , Romania , and Russian Federation . The reforms lessons that emerged from this region are similar to the ones l earned in other developing regions: reforming a complex industry is a long term process, structural change is a mean to an end, structural separation of railway infrastructure from railway operations cannot of itself improve business performance, one of structural model is unlikely to fit all operations, ownership does matter, railway reform does not necessarily mean stand-alone profitability, and market themselves will not stand still.