On March, 25 2021, the German-Ukrainian Chamber of Industry and Commerce (AHK Ukraine) hosted a digital meeting of the Banking and Financial Services Committee, moderated by Bernd Wurth, Head of the Committee and CEO of Deutsche Bank DBU JSC. During the session, Robert Kirchner, Deputy Team Leader and Garry Poluschkin, Project Manager Ukraine of the German Economic Team presented the economic outlook for Ukraine for 2021 and challenges for monetary policy.
(more…)Events
Digital conference on investment study Uzbekistan
On March 16th 2021, the Investment Study Uzbekistan Conference was held, organised by the Delegation of German Business in Central Asia and the German Economic Team, with the support of the Delegation of German Business for Central Asia, the Committee on Eastern European Economic Relations and the German-Uzbek Business Council. In total, 69 people took part. The keynote speeches were held by Dr. Andreas Nicolin, Sub-Department Head at the BMWi, and the Head of the Investment Climate Department at the Ministry of Investment and Foreign Trade of the Republic of Uzbekistan, Aleksey Sim, who thanked the German Economic Team for its work.
(more…)Presentation of economic outlook for five Eastern Partnership countries at EBA Moldova event
On March 16th 2021, the German Economic Team presented the economic outlook for five of the six Eastern Partnership countries – Moldova, Ukraine, Belarus, Georgia and Armenia – at the invitation of the European Business Association in Moldova. A total of 18 high-ranking representatives of Moldovan companies and business associations, the European Union and international organisations took part in the event as speakers. In addition, the event was broadcast via livestream for the interested public.
(more…)Press conference on economic development in Ukraine
On March, 10, 2021, the German Economic Team together with the Institute for Economic Research and Policy Consulting in Kyiv, organised an online press-conference on our joint economic forecast for Ukraine for 2021 via Ukrinform, moderated by Veronika Movchan, Academic Director of the institute. After an introduction by Garry Poluschkin, Project Manager Ukraine, Vitaliy Kravchuk, Senior Research Fellow of the Institute for Economic Research and Policy Consulting presented our growth forecast, which we see at 4.3%. Besides, our forecast of fixed capital accumulation of 8.9% growth and inflation of 5.9% at the end of 2021 were discussed in the Q&A round with the more than 40 press members.
(more…)Presentation Economic Monitor Armenia, Georgia, Ukraine and Uzbekistan
On 01.03.2021, the German Economic Team presented the economic outlooks for Armenia, Georgia, Ukraine and Uzbekistan to representatives of KfW. The event was moderated by Ms Julia Heinz from KfW, who also guided the participants through the discussion and Q&A session afterwards.
(more…)Business Round Table: Economic Development in Germany and Ukraine
On March 3rd, 2021 the German-Ukrainian Chamber of Commerce and Industry (AHK Ukraine), hosted an online-business round table on Germany’s and Ukraine’s economic outlook for 2021. The event was jointly organised with DIHK and the German Economic Team.
(more…)Presentation of Economic Monitor Moldova to EU Representatives
On Friday, the German Economic Team presented the current economic outlook for Moldova. Representatives of the DGs Near, Trade and Economic and Financial Affairs of the EU Commission, the EU Delegation to Moldova, the Federal Foreign Office, as well as diplomatic representatives of EU Member States in Moldova took part in the online event.
(more…)CES Event: Adaptivity of the labour market in Ukraine during the COVID-19 pandemic
On February 24th, the German Economic Team and the Center for Economic Strategy, Kyiv, jointly organised an online-event on the implications of the Covid-19 crisis on labour market flexibility.
(more…)GET presents the economic monitor for Moldova to members of MDW
On 24.02.2021, the German Economic Team presented the Economic Outlook Moldova to representatives of the Moldovan-German Business Association.
(more…)Video conference with BaFin and NBG on cryptocurrencies
The National Bank of Georgia is currently intensively dealing with the regulation of cryptocurrencies. Against this background, the German Economic Team has therefore organized a video conference with BaFin to enable an exchange on the German experience. Two experts participated on behalf of BaFin and were available to answer questions.
The event was very positively received by the Georgian side. This was particularly evident from the high number of 15 participants, including the department heads for the development of financial and supervisory technologies as well as anti-money laundering. The large number of questions also showed a high level of interest in the event. The participants expressed their appreciation for the helpful exchange.
Online-Presentation of Economic Outlook for Ukraine
On February 9th, the German Economic Team discussed the Economic Monitor Ukraine during a webinar with more than 40 representatives of EU institutions, e.g. the European External Action Service, the European Commission, the EU Delegation to Ukraine, as well as Embassies from different EU Member States in Ukraine.
(more…)18. Information meeting on government advice – part 2
On the second day of the information meeting, the German Economic Team (GET) presented the current economic outlook for the partner countries Georgia, Armenia and Uzbekistan. The online-event was organised by the Federal Ministry of Economic Affairs and Energy (BMWi). Representatives of the Economics Ministry, the Federal Chancellery (BK), the Federal Foreign Office (AA), the Federal Ministry of Finance (BMF), the Federal Ministry of the Environment (BMU), deputies of the German Bundestag, the German Ambassador to Georgia, the Deutsche Gesellschaft für Internationale Zusammenarbeit (GiZ), Germany Trade and Invest (gtai), KfW, the Federation of German Industries (BDI), the German Eastern Business Association and the German Business Association Armenia took part. In total, the event had 60 participants.
(more…)18. Information meeting on government advice – part 1
On January 21st, the German Economic Team (GET) presented the economic monitors for Belarus, Moldova and Ukraine. The online-event, organised by the Federal Ministry for Economic Affairs and Energy, was attended by a number of officials from the Economics Ministry, the Federal Foreign Office, other federal ministries, as well as development cooperation- and trade organisations, such as the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), Germany Trade and Invest (gtai), the Chamber of Foreign Trade in Belarus and the German Eastern Business Association. In total, the event had 90 participants.
(more…)Webinar on the process of preparing the economic forecast in the annual budget cycle
On 21 December, the Ukrainian think tank Centre for Economic Strategy (CES) organised an online event on the conditions and process of preparing economic forecasts in the state budget policy.
(more…)Eastern Partnership Business Days: Country Panel Armenia
On December 14th, the German Eastern Business Association conducted a country panel on Armenia. The event was part of the Eastern Partnership Business Days. In total, 75 participants attended the panel.
(more…)Minsk-Forum: Opportunities and Challenges of the Belarussian Economy
On 3 December 2020 the German Eastern Business Association (OA) held a panel discussion on the state of the Belarussian economy as part of the Minsk Forum XVIII. The participants were Manfred Huterer, German Ambassador to Belarus, Alexandr Tschubrik, director of the IPM Research Center, Kateryna Bornukova, economist at the Belarussian Research and Outreach Center, Jaugenij Labanau, Director of the Center for Environmental Solutions, Jeroen Williams, Deputy Head of the EEA Unit at DG Near of the EU Commission, as well as Robert Kirchner, Deputy Team Leader of the German Economic Team.
(more…)Advanced training webinar for Ukrainian officials
On October 18th, 2020, the German Economic Team took part in an advanced training seminar for high-level Ukrainian officials from the Ministries of Infrastructure, Economic Development and Digital Transformation organised by GIZ and the Federal Ministry for Economic Affairs and Energy. The event, which was carried out in the form of a webinar, was moderated by Dr. Erik Malchow, an expert in intercultural communications, on behalf of GIZ.
(more…)Online Briefing: Economic cooperation between the EU and associated countries
On November 23rd, LibMOD conducted an online briefing on the policy paper “Economic cooperation between the EU and associated countries”. Renowned experts on Eastern Europe commented on the paper written by Dr. Julia Langbein, who investigated the economic relationship between the EaP-countries and the European Union, particularly with hindsight to DCFTAs.
(more…)Webinar Uzbekistan: Cooperation perspectives for the textile -and clothing sector
On October 21st, 2020 IHK Duesseldorf has conducted a webinar on cooperation perspectives for the Uzbek textile -and clothing sector. As part of the event, GET-advisor Woldemar Walter delivered an input presentation on the most recent developments of the Uzbek economy.
(more…)20th Ukrainian Breakfast Debate: Economic Consequences for Foreign Investment and Local Businesses
As part of IEP–Breakfast Debate Series, the Institut für Europäische Politik Berlin (IEP) and the European Investment Bank (EIB) in Kyiv organised an online event on the consequences of COVID-19 for the Ukrainian economy. In total, 26 participants attended the online session. After the introductory remarks by Dr. Katrin Böttger, Director at IEP Berlin, Ljudmyla Melnyk, IEP Research Associate, handed over to the speakers.
Online discussion on banking sector Ukraine
Together with the Centre for Economic Strategy and the Institute for Economic Research and Policy Consulting, the German Economic Team organised a webinar on the Ukrainian banking sector, moderated by Maria Repko, Deputy Director of the Centre for Economic Strategy. After an introduction by Robert Kirchner, Deputy Team Leader of the German Economic Team and the keynot speech by Kataryna Rozhkova, First Vice-Governor of the National Bank of Ukraine, Vitaliy Kravchuk, Senior Research Fellow of the Institute for Economic Research and Policy Consulting and Garry Poluschkin, Project Manager Ukraine, presented the current Banking Sector Monitor, which focuses on the current situation, the economic impact of the COVID-19 pandemic and new regulatory frameworks.
(more…)Video conference with BaFin and the NBG about fintech
The National Bank of Georgia (NBG) is currently very interested in the topic of fintech. In order to give the responsible employees the opportunity to discuss regulatory experiences in Germany on the topics of open banking and regulatory sandbox, the German Economic Team has therefore organized a video conference with BaFin (Germany’s Federal Financial Supervisory Authority). On the side of BaFin, two experts in the fields of financial technology innovation topics and regulatory requirements for IT security in payment transactions (especially PSD2) took part.
Presentation of economic outlook to German companies in Ukraine
The German-Ukrainian Chamber of Industry and Commerce invited to the digital presentation of the economic outlook for Ukraine. The current macroeconomic situation, the economic impact of the COVID-19 pandemic and the support by international financial institutions were discussed by Peter Ziegler, Head of the Economic Department of the German Embassy in Kyiv, Robert Kirchner, Deputy Team Leader of the German Economic Team and Garry Poluschkin, Project Manager for Ukraine of the German Economic Team.
(more…)Presentation of the 3rd issue of the Economic Monitor Armenia
On August 4th, Dr. Ricardo Giucci, Team Leader, and Nikolas Schmidt, Project Manager of the German Economic Team Armenia, presented the third Economic Monitor in a video conference. The event was organised in cooperation with the German Business Association (DWV) in Armenia. Numerous German and European businesspeople, representatives from the EU Delegation and from the European Business Association (EBA) took part in the event.
(more…)Online-Training on “EU Energy Law and Regulation” for Ukrainian Decision Makers
Financed by the Federal Ministry for Economic Affairs and Energy, the Kyiv School of Energy Policy and the German Economic Team organised an online-training on “EU Energy Law and Regulation” for Ukrainian decision makers.
(more…)Online-Discussion “Ukraine and the Sea of Azov”
David Saha, Consultant of the German Economic Team, spoke about the economic importance of the Sea of Azov for Ukraine on Friday, July 17 in the online-discussion “Ukraine and the Sea of Azov: Economic bottleneck, security hot spot, ecological problem area and object of dispute under international law”, hosted by the Representation of the Friedrich Ebert Foundation in Ukraine and the NGO “Donbas Gates” (Ukraine).
(more…)Webinar “The European Competition Directive and its application to digital markets”
Moldova has to implement the current EU Competition Directive by the end of the year, as part of its association with the EU. To support this process, the German Economic Team together with the Moldovan Competition Council organised a webinar “The European Competition Directive and its application to digital markets”.
(more…)17. Information meeting on high-level government advice
The biannual information meeting on high-level government advice in Ukraine, Belarus, Moldova, Georgia, Uzbekistan and Armenia was held – divided into two blocks – on 18 and 24 June, with the Federal Ministry for Economic Affairs and Energy (BMWi). The event was opened by Andreas Nicolin, Deputy Head of Department and moderated by Yildiz Götze, Head of Division.
(more…)Measures of the German Federal Government to support business during the Corona crisis
Webinar on May 15th
On May 15th, Dr. Ricardo Giucci, Team Leader and Robert Kirchner, Deputy Team Leader of the German Economic Team (GET) participated in the online event on “Measures of the German Federal Government to support business during the Corona crisis”. The webinar was organised by the Centre for Economic Strategy (CES). In his study, which was prepared together with Woldemar Walter, Consultant in the German Economic Team, Dr. Giucci and Mr. Kirchner presented the German measures to support companies and freelancers and underlined that such a policy would enable a quick recovery of the economy. Hlib Vyshlinsky, Executive Director of CES, presented the Ukrainian measures.
(more…)Webinar on “Economic impact of the Covid-19 pandemic on Ukraine”
On May 13, Robert Kirchner, Deputy Team Leader, David Saha, Consultant and Garry Poluschkin, Project Manager for Ukraine in the German Economic Team (GET), together with Veronika Movchan and Vitaliy Kravchuk from the Institute for Economic Research and Policy Consulting (IER) presented their jointly prepared study at an online event on the topic “Economic Impact of the Covid-19 pandemic on Ukraine”. The event was organized and moderated by the Kyiv School of Economics.
(more…)Expert panel on “Perspectives for economic relations between the association countries and the EU”
On 4 May, an expert panel took place online on the subject “Perspectives for economic relations between the association countries and the EU”. It was the third workshop within the LibMod project “Eastern Partnership 2.0”. Experts from the three countries (Ukraine, Georgia and Moldova) presented their proposals for action to decision-makers in Berlin and in Brussels.
(more…)Video conference with Moldova’s Prime Minister Ion Chicu and the German Economic Team
The German Economic Team held a video conference with the Moldovan Prime Minister Ion Chicu on 04.05.2020 on the economic situation, the economic effects of the corona crisis and support measures to boost the economy.
(more…)“Economic impact of the Corona pandemic for Ukraine“ – Participation in live conversation by LibMod
On April 1, David Saha, consultant in the German Economic Team (GET), gave a presentation at online event on the topic “Economic impact of the Corona pandemic for Ukraine”. The event was organized by the think tank “LibMod – Zentrum für Liberale Moderne” and moderated by Mattia Nelles, initiator of “Understanding Ukraine”. The other speakers were Tymofiy Mylovanov, former Ukrainian Minister for Economic Development, Trade and Agriculture and Valerij Pekar, entrepreneur and co-founder of the civil platform The New Country.
(more…)Workshop on energy market regulation 26.03-28.03.
The German Economic Team (GET) and the Ukrainian NGO DiXi jointly conducted a three-day workshop on EU energy market regulation policy. Although the workshop could not take place in Kyiv as planned due to travel restrictions, all participants were invited via video conference. Energy experts and lecturers from the European University Institute of Florence, School of Regulation gave presentations.
(more…)Macroeconomic consequences of the Corona crisis – Joint meeting of OAOEV Working Groups Ukraine, Belarus and South Caucasus
On the occasion of the joint video conference of OAOEV Working Groups Ukraine, Belarus and South Caucasus on March 26, 2020, Ricardo Giucci presented an overview of the macroeconomic consequences of the corona crisis for the region.
A massive decline in GDP and devaluations of the local currencies are expected, which will also have a negative impact on German exports, said Giucci. External financial support, e.g. from the IMF is required. He warned that the countries do not have the administrative and institutional prerequisites for possible instruments such as loans and grants to companies.
(more…)Interview with David Saha on economic consequences of the Corona crisis in Ukraine
Interview by Deutsche Welle, published on 18.03.2020 on dw.com/uk
Ukraine loses access to international capital markets as a result of the Corona crisis
The Covid 19 pandemic has cut off Ukraine from the capital markets, says David Saha, an expert from the German Economic Team, in a conversation with DW. He advises to meet the IMF’s demands, which are painful for the oligarch Igor Kolomoisky. The German Economic Team in Berlin has been advising the Ukrainian government on economic reforms and macroeconomic stability for many years. In an interview with DW, expert David Saha shared his view on the risks for the Ukrainian economy due to the Covid 19 pandemic.
(more…)Business Stammtisch of the German Embassy on 04.02.
David Saha, Consultant at the German Economic Team (GET), presented the current economic outlook for Ukraine at the Business Stammtisch of the German Embassy on 4th of February. The main topic of the event was on the macroeconomic situation, the strong appreciation of the hryvnia in 2019 and the remaining challenges, such as the completion of the IMF programme. The event was moderated by Andreas Otto, First Secretary in the Economic Department of the German Embassy.
(more…)16th Information meeting on high-level government consultation
The German Economic Team (GET) presented the current economic outlook to interested representatives of ministries and institutions on January 24th in the premises of the Federal Ministry of Economics and Energy (BMWi) and spoke about current developments in the partner countries Belarus, Georgia, Moldova, Ukraine, Uzbekistan and about the activities of the German Economic Team in Armenia.
(more…)Proposals from German business in Ukraine – update of study presented in Kyiv
At a round table in Kiev on 12 December Robert Kirchner, Deputy Team Leader of the German Advisory Group Ukraine, and David Saha, Consultant, presented the updated study on “Unlocking investment through reforms: Proposals from German business in Ukraine”. The event was part of a round table organized in cooperation with the German-Ukrainian Chamber of Industry and Commerce (AHK). Yulia Svyrydenko, Vice Minister in the Ukrainian Ministry of Economics, who among others participated in the event, was very interested in the results of the study.
(more…)Participation in the 17th Minsk Forum „The Place of Belarus in Europe“
From the 4th to 6th December 2019 the 17th Minsk Forum, dedicated to the theme “The Place of Belarus in Europe. Chances for Foreign Policy, Economy, Civil Society and Culture”, was held in Minsk. The forum was organasied by the German-Belarusian Society e.V. (dbg).
Numerous high-ranking government representatives from Belarus and abroad took part in the event. Among the guests were Michael Siebert, German Federal Foreign Office Representative for Eastern Europe, Caucasus and Central Asia, Dirk Wiese, German Federal Government Coordinator for Inter-Societal Cooperation with Russia, Central Asia and the Eastern Partnership Countries, Oleg Kravchenko, Belarusian Deputy Foreign Minister, Manfred Huterer, German Ambassador, and Dirk Schübel, Head of the EU Delegation.
(more…)GET Georgia presents the second issue of the Financial Sector Monitor Georgia
During a trip to Tbilisi, Dr Alexander Lehmann, financial sector expert of the German Economic Team (GET) Georgia, presented the second issue of the Financial Sector Monitor.
This product is consistently done in several countries in the region and reveals that the Georgian financial sector is a major asset in the investment environment. The publication analyses the sector in a regional context. It sketches the sector’s potential to further support growth and innovation in Georgia and to provide wider access to credit for households and enterprises. It also highlights the strengths and weaknesses of the banking sector for Georgia’s future development.
(more…)Regulation of cryptocurrencies and economic relevance of crypto mining – Presentation at the American University of Armenia
On December 2, upon the invitation of Berlin Economics, Jens Münzer from the Federal Financial Supervisory Authority (BaFin) gave a talk on the regulation of cryptocurrencies at the American University of Armenia, exemplified by German legislation. The Armenian government wants to boost the IT sector and has opened a free economic zone with a centre for crypto mining. There are initiatives in Armenia to regulate cryptocurrencies only lightly, which would entail significant risks for the banking sector and the country’s reputation. Against this background, regulation of cryptocurrencies is of particular significance in Armenia.
(more…)Regulation of cryptocurrencies – Seminar at the Central Bank of Armenia
Despite the increased global interest in cryptocurrencies, there exists no international consensus on how to regulate them. Berlin Economics invited Jens Münzer from the Federal Financial Supervisory Authority (BaFin) to give a presentation on the topic of regulation of cryptocurrencies, exemplified by German legislation. On December 2, the seminar was held in the Central Bank of Armenia with ca. 35 attendees from the CBA. Many interposed questions and a vivid discussion clearly demonstrated keen interest and current relevance of the topic.
(more…)Kyiv: Study presented on labour migration from Ukraine since 2014
On November 13, 2019, a round table on “Labor Migration from Ukraine” took place in Kyiv at the Kyiv School of Economics, jointly organized by Yuliia Mincheva, VoxConnector Editor of Vox Ukraine and the German Advisory Group. In an informal setting, around 20 representatives from think tanks, government agencies and the media met to discuss the issue of labour miration.
(more…)New study presented: Improving the business climate and boosting investment
On 7th November 2019 the German Economic Team (GET) Moldova and European Business Association Moldova (EBA) presented their joint study “Improving the Business Climate – Boosting Investment: Proposals from European business in Moldova” at a common event. Content of the study: 21 reform proposals to improve the business climate and increase investment. In the audience: high-ranking representatives of the Government of Moldova, representatives of international organisations, European business executives, economic experts and media representatives.
(more…)Participation in IFC conference on Credit Guarantee Fund for SMEs
The conference “Partial Credit Guarantee Mechanism for the Financing of SMEs: Different Aspects of the Guarantee Fund and Its Mobilizing Role in Belarus” was held in Minsk on 17 October. The event was organized by the International Financial Coorporation (IFC) in Belarus.
(more…)Economic Monitor Armenia presented at the 1st German-Armenian Business Forum in Stuttgart
On October 10, 2019 Dr Ricardo Giucci, Managing Director of Berlin Economics, took part in the event hosted by the German Business Association (DWV) in Armenia, the Chamber of Commerce and Industry of the Republic of Armenia in the Federal Republic of Germany and the German Eastern Business Association in Stuttgart.
(more…)Study on improving the business climate presented in Belarus
On September 26, Robert Kirchner, Deputy Team Leader of the German Economic Team Belarus presented a new study on improving the business climate in Belarus at the event “10th Day of the German Economy” in Minsk. The event was attended by around 200 national and international participants, including high-ranking representatives of the Belarusian Government and a delegation of German business representatives led by Secretary of State Dr. Ulrich Nussbaum from the Federal Ministry for Economic Affairs and Energy.
(more…)Presentation of the 1st issue of the Economic Monitor Armenia in Yerevan
On September 26, Dr. Ricardo Giucci, Managing Director of Berlin Economics, presented the first Economic Monitor on Armenia in Yerevan. Afterwards, Björn Vogler, consultant at Berlin Economics, presented the results of a new study on foreign direct investment (FDI) in Armenia. Mr. Giucci and Mr. Vogler were accompanied by Boris Schneider, project manager for Armenia. The event was organised in cooperation with the German Embassy and the German Business Association (DWV) in Armenia. Numerous German businesspeople from Armenia as well as government officials and EU representatives took part in the event.
(more…)Presentation of study on the economic impact of the DCFTA on Georgia, Moldova and the Ukraine as well as study on export potential of Georgian animal products
During a trip to Tbilisi, Dr Alexander Lehmann, financial sector expert of the German Economic Team (GET) Georgia, presented the second issue of the Financial Sector Monitor.
This product is consistently done in several countries in the region and reveals that the Georgian financial sector is a major asset in the investment environment. The publication analyses the sector in a regional context. It sketches the sector’s potential to further support growth and innovation in Georgia and to provide wider access to credit for households and enterprises. It also highlights the strengths and weaknesses of the banking sector for Georgia’s future development.
(more…)Presentation of DCFTA-Study in Chisinau
On the 4th of July Dr. Ricardo Giucci, Managing Director of Berlin Economics, in the framework of the “International Conference on EU – Republic of Moldova DCFTA Implementation – 5 years of regional perspectives and steps forward” presented a Berlin Economics study on the economic impact of the deep and comprehensive free trade areas (DCFTA) on Ukraine, Moldova and Georgia to high-level representatives of the EU Delegation and the Moldovan Government.
(more…)Presentation of study on the comparative effect of the DCFTA on Ukraine, Moldova and Georgia
On the 8th of July 2019, Dr. Ricardo Giucci, Managing Director of Berlin Economics, during an event at the Federal Ministry for Economic Affairs and Energy (BMWi), carried out a study by Berlin Economics on the economic effects of the deep and comprehensive free trade agreements (“DCFTA”) on Ukraine, Moldova and Georgia. He was accompanied by Woldemar Walter, Coordinator of the German Economic Team Moldova.
(more…)Press release: Ukraine returns to growth path
Ukraine returns to growth after the severe economic crisis of 2014/15. To sustainably increase economic growth, reforms and investments are urgently needed. This is the conclusion of a study by the German Advisory Group Ukraine in cooperation with the German-Ukrainian Chamber of Commerce and Industry (“AHK Ukraine”) released in September 2018.
(more…)Conference MACRO 2018: “Moldova in 2018: making investments work for people and public good”
On October 19th, Woldemar Walter, Advisor to the German Economic Team Moldova, gave a lecture in the context of the conference ‘MACRO 2018’ on the influence of foreign direct investment (FDI) on the Moldovan economy, population and government.
As Woldemar Walter conclusively explained in his presentation, in Moldova, foreign direct investment, which is relatively low by international standards, has a major impact on the economy, the people and the government. For example, companies with foreign capital account for about 23% of total Moldovan value added and a high and growing share of exports.
(more…)Industry 4.0
On August 29, the German Advisory Group and the Reforms Delivery Office, an advisory body to the Cabinet of Ministers, hosted a joint seminar on the topic: ” Industry 4.0 – Overview and Policy Implications”.
Dr. Philip Steden introduced the specialized audience to the basic features and components of Industry 4.0 – the so called forth industrial revolution – and illustrated possible fields of application and advantages of Industry 4.0 technologies with examples from Germany.
(more…)Economic Relevance of Crypto Mining in Georgia
On June 11, the team leader of the German Economic Team Georgia, Dr Ricardo Giucci, presented the Economic Monitor Georgia at the Deutsche Wirtschaftsvereinigung (DWV) in Tbilisi.
The event focussed on the presentation of the results of an analysis conducted by GET Georgia on the economic relevance of cryptocurrencies for the Georgian economy.
(more…)Report on the economic policy dialogue in Belarus
Twice a year, Berlin Economics hosts an event to report about current economic policy topics in the advisory work in Belarus.
The event took place on July 4th in the Federal Ministry for Economic Affairs and Energy. Using this format we aim to provide an opportunity for representatives of German institutions to get background information about current economic developments.
(more…)Presentation at the German-Belarusian Business Club evening
Once a month, the German-Belarusian Business Club hosts its club evening for its members. This June, the German Economic Team Belarus was invited by their long-term partner to brief the members of the club on recent developments in the Belarusian economy.
(more…)Reporting on current topics of GET Moldova’s advisory work
Twice a year, we organise an event to inform about the German Economic Team Moldova’s advisory work.
The event took place on July 4th in the Federal Ministry for Economic Affairs and Energy. Using this format we aim to provide an opportunity for representatives of German institutions to get background information about current economic developments.
(more…)Report on current topics in GET Georgia’s advisory work
Twice a year, we offer an opportunity to get information about topics of our advisory work and economic trends.
The event took place on July 4th in the Federal Ministry for Economic Affairs and Energy. Using this format we aim to provide an opportunity for representatives of German institutions to get background information about current economic developments.
(more…)Reporting on the German Advisory Group’s work
The German Advisory Group Ukraine hosts a biannual event to report about current economic policy topics in our advisory work.
The event took place on July 4th in the Federal Ministry for Economic Affairs and Energy. Using this format we aim to provide an opportunity for representatives of German institutions to get background information about current economic developments.
(more…)GET Moldova presents Economic Monitor for the Moldovan Economy
In February, the Moldovan German Business Association hosted a breakfast briefing in Chisinau. GET Moldova was invited to present its Economic Monitor to an audience mainly consisting of German and European business and the German Embassy’s representatives.
(more…)Regulation of Cryptocurrencies – Seminar in the National Bank of Georgia
Georgia is one of the largest producers of cryptocurrencies („miners“) worldwide, with a potential influence on the Georgian economy.
Despite the increased global interest in cryptocurrencies, there exists no international regulation of any kind. This is true for the European Union as well, where EU-members adopt their own national laws regarding cryptocurrency regulation, even though cryptocurrencies can potentially be used for money laundering, due to their decentralized organization.
(more…)Workshop on central bank communication
Workshop held by Centre for Economic Strategy and German Advisory Group on Central Bank Communication
On April 18 the Centre for Economic Strategy and experts from the German Advisory Group conducted a workshop on central bank communication as a tool for shaping market participants‘ expectations. The event was opened by Ms. Yildiz Götze, head of the department at the Federal Ministry for Economic Affairs and Energy, who acknowledged the significant progress of the recent years‘ reforms in the Ukrainian financial sector.
(more…)Conference on Financing opportunities in Ukraine
On March 20, 2018 the conference “Financing opportunities in Ukraine – Quo Vadis?” took place in Berlin. The event was organised by the German-Ukrainian Forum in cooperation with the German Advisory Group Ukraine, the Deutsche Gesellschaft für Internationale Zusammenarbeit, the German-Ukrainian Chamber of Commerce and the Embassy of Ukraine in Germany.
(more…)GET Georgia presents the first issue of the Banking Sector Monitor Georgia
During a trip to Tbilisi, Dr Ricardo Giucci, Team Leader of the German Economic Team (GET) Georgia, and Dr Alexander Lehmann, financial sector expert, presented the first issue of the Banking Sector Monitor Georgia.
(more…)GET Georgien stellt die siebte Ausgabe des Economic Monitor vor
Dr. Ricardo Giucci, Teamleiter des German Economic Team (GET) Georgia, und Dr. Alexander Lehmann, Finanzsektorexperte des Teams, stellten am 31. Januar in einer von der Deutschen Wirtschaftsvereinigung (DWV) organisierten und bei der DWV-Partnerin EPAC (Economic Policy Advocacy Coalition) veranstalteten Zusammenkunft von Unternehmens- und Institutionenvertretern die Ergebnisse des aktuellen „Economic Monitors Georgia“ vor.
(more…)12th Information meeting about high-level government consultation
On 18 January 2018 the semi-annual information meeting about high-level government consultation in Ukraine, Belarus, Moldova and Georgia was held at the Federal Ministry for Economy and Energy (BMWi).
(more…)Information meeting “Current issues in the maritime business”
On 22 November 2017, in the context of the event “Current issues in the maritime business”, which was organised by the Chamber of Trade (IHK) Emden, Anne Mdinaradze, analyst at Berlin Economics, held a talk on the topic “The ‘Belt and Road Initiative’: An assessment from three perspectives”.
(more…)11th Information meeting about high-level government consultation
On 10 July 2017 the semi-annual information meeting about high-level government consultation in Ukraine, Belarus, Moldova and Georgia was held at the Federal Ministry for Economy and Energy (BMWi).
(more…)Presentation of the 6th Issue of the Economic Monitor Georgia in Tbilisi
David Saha, Project Manager of the German Economic Team (GET) Georgia and Anne Mdinaradze, Analyst, presented the 6th issue of the Economic Monitor Georgia at the event “Current Economic Issues and Implications for Business: DCFTA, EU-Trade, Sectors, Taxes”, which took place on 21 May 2017 in Tbilisi and was organised in cooperation with the German Business Association (DWV).
(more…)Press conference of the German Advisory Group Ukraine on corporate tax reform in Kiev
The German Advisory Group Ukraine, in cooperation with the Institute for Economic Research and Policy Consulting and Otten Consulting gave a press conference at Interfax, Kiev on Thursday, February 1st 2018. Topic of the press conference was the planned reform of corporate taxation in Ukraine.Findings from joint analysis about the economic and fiscal effects of the proposed new corporate tax – the “Tax on Withdrawn Capital” – in comparison with the present corporate tax were presented, as well as recommendations on policy measures to accompany the tax reform if it goes ahead. Speakers from the German Advisory Group Ukraine were Robert Kirchner, Project Manager, David Saha, lead author of the key papers on corporate tax reform and Thomas Otten, also owner of our cooperation partner Otten Consulting. We were joined by Oleksandra Betliy, Leading Research Fellow at the Institute for Economic Research and Policy Consulting. The audience consisted of a group of around 15 journalists.
(more…)GET Moldova presents it’s policy study to the Economic Council to the Prime Minister
On November 14, 2017, Dr. Ricardo Giucci and Woldemar Walter of GET Moldova presented their new policy study “The economic impact of FDI in Moldova – Results from an empirical analysis” to representatives of the “Working Group on the stimulation and retention of private investments at the Economic Council to the Prime Minister of Moldova.”
(more…)Roundtable discussion with the Moldovan Minister of Finance and Governor of the National Bank
The Moldovan Minister of Finance Octavian Armasu and the Governor of the National Bank of Moldova Sergiu Cioclea participated in a roundtable discussion on November 9, 2017, with representatives of German businesses and politics in the headquarters of the German Council on Foreign Relations (DGAP).
(more…)11th Information meeting about high-level government consultation
On 10 July 2017 the semi-annual information meeting about high-level government consultation in Ukraine, Belarus, Moldova and Georgia was held at the Federal Ministry for Economy and Energy (BMWi).
(more…)Regional Business Forum in Moldova
On 3 July, Dr. Giucci gave a lecture at the regional forum “Moldova: Working Together to Support Growth” and presented the most important developments in the Moldovan banking sector since the fraud scandal, addressing particularities and potential economic problems.
(more…)Roundtable discussion with the Governor of the National Bank of Ukraine Valerija Gontareva
The Governor of the National Bank of Ukraine, Valerija Gontareva, participated in a roundtable discussion on March 29th with representatives of german business and politics in the headquarters of the German Council on Foreign Relations (DGAP).Ms Gontareva, who was invited to Berlin by the Director of the German Advisory Group Ukraine, Mr. Robert Kirchner and by the CEO of Berlin Economics, Dr Ricardo Giucci, shared her views on the reform of the banking sector in Ukraine with German stakeholders.
(more…)The Belarusian economy: are real changes on the way?
On 9 March 2017 Robert Kirchner, Vice Project Leader of the German Economic Team Belarus (GET) participated in the conference “The Belarusian economy: are real changes on the way?” in Brussels. The conference was organized by the renowned European Think Tank Bruegel in cooperation with the wiiw (Vienna Institute for International Economic Studies). Georg Zachmann (Bruegel, GET Belarus) presented the event.
(more…)German Advisory Group Ukraine meets the Ukrainian Minister for Energy and Coal Mining
On January 30th 2017 the Ukrainian Minister for Energy and Coal Mining Nasalyk met the German Advisory Group (represented by our energy expert Georg Zachmann) and representatives of the Ukrainian NGO DiXi-Group to discuss the development of gas trading in Ukraine. Georg Zachmann presented a report prepared upon the request of the Ministry. The report outlines four challenges to develop a functioning gas wholesale market:
(more…)10th Information meeting
On 23 January 2017 the six-monthly information meeting about high-level government consultation in Ukraine, Belarus, Moldova and Georgia was held at the Federal Ministry for Economy and Energy (BMWi). Representatives of the BMWi, the Ministry of Foreign Affairs, the Ministry of Food and Agriculture, the Federal Ministry of Finance, the Federal Ministry for Economic Cooperation and Development, the German Parliament, the Reconstruction Credit Institute and members of foundations, associations and other expert organisations attended the event.
(more…)10th Information meeting about high-level government consultation
On 23 January 2017 the six-monthly information meeting about high-level government consultation in Ukraine, Belarus, Moldova and Georgia was held at the Federal Ministry for Economy and Energy (BMWi). Representatives of the BMWi, the Ministry of Foreign Affairs, the Ministry of Food and Agriculture, the Federal Ministry of Finance, the Federal Ministry for Economic Cooperation and Development, the German Parliament, the Reconstruction Credit Institute and members of foundations, associations and other expert organisations attended the event.
(more…)10th Information meeting about high-level government consultation
On 23 January 2017 the six-monthly information meeting about high-level government consultation in Ukraine, Belarus, Moldova and Georgia was held at the Federal Ministry for Economy and Energy (BMWi). Representatives of the BMWi, the Ministry of Foreign Affairs, the Ministry of Food and Agriculture, the Federal Ministry of Finance, the Federal Ministry for Economic Cooperation and Development, the German Parliament, the Reconstruction Credit Institute and members of foundations, associations and other expert organizations attended the event.
(more…)Panel discussion “Sustainable growth – success factors and strategic options for the agricultural sector in Ukraine”
On 20 January 2017 Robert Kirchner, Vice Project Leader of the German Advisory Group Ukraine, took part in the panel discussion “Sustainable growth – success factors and strategic options for the agricultural sector in Ukraine”, which was held in the framework of the 9th Global Forum for Food and Agriculture (GFFA) at the “Green Week” in Berlin. The GFFA is organized by the Ministry for Food and Agriculture (BMEL) in cooperation with the GFFA Berlin e.V., the Senate of Berlin and the Messe Berlin GmbH.
(more…)10th Information meeting about high-level government consultation
On 23 January 2017 the six-monthly information meeting about high-level government consultation in Ukraine, Belarus, Moldova and Georgia was held at the Federal Ministry for Economy and Energy (BMWi). Representatives of the BMWi, the Ministry of Foreign Affairs, the Ministry of Food and Agriculture, the Federal Ministry of Finance, the Federal Ministry for Economic Cooperation and Development, the German Parliament, the Reconstruction Credit Institute and members of foundations, associations and other expert organisations attended the event.
(more…)Discussion with the German-Ukrainian Parliamentary Group
On 15 December 2016 Ricardo Giucci, Leader of the German Advisory Group Ukraine, held a presentation about the economic situation in Ukraine to representatives of the German Bundestag. Among them were Karl-Georg Wellmann, Chairman of the German-Ukrainian Parliamentary Group, Norbert Spinrath and Susanna Karawanskij, both Vice Chairmen of the Parliamentary Group.
(more…)The 14th Minsk Forum
From 24 to 26 November 2016 the 14th Minsk Forum was held in Minsk. The event was organized by the German-Belarusian Society (dbg e.V.) in cooperation with the international education and conference centre IBB “Johannes Rau” in Minsk and the Belarusian think tank “Liberal Club” under patronage of the German Embassy in the Republic of Belarus.
(more…)Meeting of German business representatives in Kiev
On the occasion of the monthly meeting of German business representatives in Kiev on 6 December 2016, the German Advisory Group Ukraine presented results of its latest analyses concerning Ukraine. First, Ricardo Giucci, Leader of the German Advisory Group Ukraine, held a presentation on the topic “The current situation of the Ukrainian economy at the end of 2016 and an outlook on 2017”. Referring to important macroeconomic indicators he pointed out that the situation is stabilising: GDP increased slightly this year and also investment went up significantly in the first half of 2016. The inflation rate went down to a single-digit number. Increasing imports are an indicator of the economic recovery and exports decrease mainly due to low commodity prices and the limited access to the Russian market.
(more…)10th anniversary of the Manager Training Programme „Fit for Partnership with Germany“ with Belarus
On 23 November there was a celebration at the IBB Minsk on the occasion of the 10th anniversary of the “Manager training programme of the Federal Ministry for Economic Affairs and Energy (BMWi) with the Republic of Belarus”. The manager training programme prepares managers and manager trainees from Belarus for business cooperation with German enterprises.
(more…)Meeting with Moldovan journalists
On 25 November 2016 a group of Moldovan journalists from the news agency IPN visited the office of Berlin Economics. In the beginning Ricardo Giucci, director of Berlin Economics and project leader of the German Economic Team (GET) Moldova, gave a short introduction about the company.
(more…)Round table “Leveraging Clusters for Industrial Development in Moldova”
On 23 November 2016 the German Economic Team (GET) Moldova organised a round table in cooperation with the Moldovan Ministry of Economy about the topic “Leveraging Clusters for Industrial Development in Moldova” in Chisinau.
(more…)Kastryčnicki Economic Forum
On November 3 and 4 “Kastryčnicki Economic Forum” with focus on reforms for inclusive growth took place in Minsk. The Deputy Head of Presidential Administration, Mr. Nikolay Snopkov, opened the event with welcome speech. During the first day the global and regional economic development and their implications for the Belarusian economy were the focus of discussion. In this context, Robert Kirchner from the German Economic Team (GET) Belarus moderated a panel on structural reforms. The second day was mainly dedicated to the reform of state enterprises and their impact on the labor and financial markets.
(more…)Potential in the South Caucasus – Business Successes in Georgia and Armenia
On October 27, Thüringen International, the department of the State Development Corporation of Thuringia mbH responsible for internationalization, held an information evententitled “Potential in the South Caucasus – Business Successes in Georgia and Armenia” in Erfurt in cooperation with the Eastern Europe Business Association of Germany. Businesses were informed about foreign trade possibilities in the South Caucasus, and estimates of the political and economic climate, as well as current projects underway in Georgia and Armenia, were presented.
(more…)2nd German-Ukrainian Forum of Trade
On October 11 the newly opened German-Ukrainian Chamber of Commerce organized the 2nd German-Ukrainian Forum of Trade “Potential – Reforms – Cooperation”. Robert Kirchner presented his assessment of the industrial development of the country in one of the panels. During other panels current possibilities of cooperation with Ukraine in the fields of infrastructure, innovations, energy efficiency and agriculture were discussed.
(more…)Belarus Forum BROADENING THE HORIZONS
On September 29 and 30 the Belarus Forum took place in Minsk. It is the first forum in Minsk, in which representatives of the state organs and international financial institutions participated together with private foreign investors, experts and Belarusian entrepreneurs. Discussions focused on topics like current aspects of investment cooperation and the draft of a roadmap. Other panel discussions dealt with public-private partnerships as a way to attract investors and the importance of the financial market for economic growth.
(more…)Seminar on Cost-Benefit Analysis
On September 30 the German Economic Team (GET) Belarus, in cooperation with BEROC, the IPM Research Center and the National Agency of Investment and Privatization, organized a seminar on Cost-Benefit Analysis, which took place in Minsk.
(more…)Meeting of Working Group – Ukraine of Committee on Eastern European Economic Relations
On September 29 during the meeting of Working Group Ukraine of Committee on Eastern European Economic Relations Dr. Ricardo Giucci, Team leader of German Advisory Group, gave an evaluating lecture on the current economic developments in Ukraine with particular focus on local companies.
(more…)Workshop at the Ministry of Economy
Upon request of the Georgian Ministry of Economy, GET Georgia organized a workshop for the employees of the Ministries of Economy and Agriculture, which was conducted on September 14. The workshop was based on the publication of GET Georgia about FDI attraction in Georgia.
(more…)Economic Stabilization and Combatting Corruption in Ukraine
On 08.09. the conference „Economic Stabilization and Combatting Corruption in Ukraine“, which had been organized by Kiev Dialogue in cooperation with the European Commission in Germany and the German Advisory Group Ukraine, took place in Berlin.
(more…)International conference “Modern instruments of SME finance”, Minsk
The Republican Center of Microfinance invited to the conference “Modern instruments of SME finance”, which was held in Minsk on 13 September. The conference was supported by USAID and organized in cooperation with the National Bank and the Ministry of Economy of the Republic of Belarus. Experts and businessmen from Belarus, Poland, Czech Republic, Lithuania, Turkey, Russia, Armenia and Kazakhstan discussed different approaches of state support to small and medium enterprises. The panel “Guarantee funds as an effective tool of SME finance” was led by Ivan Koriakin (German Economic Team (GET) Belarus). The participants later on also considered the potential of crowdfunding and crowdsourcing (obtaining services from a large group of people, especially an online community) for the realization of business ideas.
(more…)Refugees in Ukraine, Refugees in Europe – Common Perspectives in the Refugee Crisis
On 18.08.2016 Robert Kirchner participated in the discussion about the topic “Refugees in Ukraine, Refugees in Europe – Common Perspectives in the Refugee Crisis”, which had been organized by the European Academy in Berlin. The event was dedicated to the following questions: Which challenges do the events in Ukraine pose to the European Union? And how can we cooperate to overcome these?
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