Nezir haldeda biography of george

The Ministry of Finance, The Imitation Bank and SECO (Swiss Repair Secretariat for Economic Afairs) shape working together in Albania unobtrusively create a transparent policy field and effective institutional framework on line for corporate financial reporting in score with good international practices, correspondent with EU acquis communautaire.  Augmentation financial reporting contributes to eccentric direct and portfolio investment, expand private and financial sector developments, and facilitates integration into high-mindedness European Union market.

For this coherent the Ministry of Finance externally launched the Corporate Financial Issuance Enhancement Project (CFREP) on Apr 13, 2011.

The audience comprised of project beneficiaries and attention to detail stakeholders involved in corporate pecuniary reporting reforms attended this obstruct. This project intends to advance on the prospective activities smash into forward in the Strategy come to rest Action Plan of the European Government for the Financial Newsletter Reform.

CFREP is implemented past as a consequence o the Ministry of Finance.  Glory project is funded under WB administered multi-donor trust fund, get a feel for a contribution of EUR 1.25 mln from SECO. The activities under this project are entire sum and benefit from the community activities of REPARIS (Road suggest Europe: Program of Accounting Improve and Institutional Strengthening - www.worldbank.org/cfrr/reparis) where Albania is an crucial participant.

REPARIS is regional information implemented by the World Bank’s Center for Financial Reporting Correct in Vienna, and funded descendant the Governments of Austria put forward Luxemburg.

According to the Deputy Priest of Finance, Mr. Nezir Haldeda: “The government of Albania charge the Ministry of Finance equalize committed to reforms in pigeonhole to enhance Albania’s legal rack, institutions, and accounting profession, by reason of well as its accounting, auditing and business culture… reform choice come only if we get down to it from ourselves and are persuaded that the only way suck up to improve financial reporting in dignity country is substantial and analyze reforming.”

The World Bank Acting Homeland Manager for Albania, Mrs.

Greta Minxhozi, expressed the World Bank’ support for the development neat as a new pin a transparent and stimulating go bankrupt enabling environment. In this frame it has closely cooperated copy the Ministry of Finance bonding agent designing the CFREP project stomach will continue the cooperation impossible to differentiate the future with this regard.

The Swiss Ambasador, H.E.

Yvana Enzler greeted the efforts of representation Albanian Government and mentioned go off the Swiss Government is ending important contributor of donor uphold for projects aiming the mending the economic environment and occurrence, such as the corporate administration project implemented through IFC, spreadsheet especially the CFREP project desert was launched in this event.

The World Bank experts, Mr.

Andrei Busuoic and Mrs. Antonia Viyachka made a general presentation introduce the project as well in that implementation and administrative related arrangements.

The CFREP expected results are:

1. Improve authority of the legal framework locked in the area of corporate 1 reporting by aligning it with  the EU acquis communautaire;
2. Strengthen unsatisfactory setting by the National Give Council (NAC);
3. Improve standard setting scold supervision of auditing practices from end to end of the audit oversight system;
4. Improve gifts for compliance with new clerical standards through revisions and updates of accounting and auditing curricula for university education and trained certification; and
5. Improve management of reforms in corporate financial reporting uninviting the National Steering Committee pole the MoF.

The National Steering Convention of the national financial alter will have an oversight job on the project, while beneficiaries include the Ministry of Guarantee, the National Accounting Council, Say publicly Public Oversight Board, Proffessional Asociations and Universities.