Items in this collection

Now showing 1 - 4 of 4
  • Publication
    Key Accounting and Auditing Reforms
    (World Bank, Vienna, 2017-12-01) World Bank Group
    The purpose of this knowledge paper focusing on key accounting and auditing reforms is to assist the government to make informed decisions for future reform actions following the publication of the Macedonian Report on the Observance of Standards and Codes (ROSC) on Accounting and Auditing (A and A). The paper should be used as a tool to assist the Ministry of Finance when discussing and further analyzing some possible implications of various reform actions that the government and key stakeholders may choose to conduct, as well as provide possible application examples when possible. The government has remained committed to continue its reform efforts in corporate financial reporting frameworks and actual practices and implement the recommendations of the ROSC A and A update. This paper is divided into four thematic areas including: (i) Definition and special Considerations for Public Interest Entities (PIEs); (ii) Reducing regulatory burdens related to compliance with accounting, financial reporting and auditing requirements for Micro and Small and Medium Sized Enterprises (SMEs); (iii) public oversight of statutory auditors and quality assurance over external audit function; and (iv) professional accountancy education and training.
  • Publication
    Municipal Citizen Service Centers in Southeastern Europe: Survey Results on Success Factors, Challenges, and the Human Rights Approach of Municipal One-Stop Shops in the Western Balkans
    (World Bank, Washington, DC, 2017-06) Pfeil, Helene; Agarwal, Sanjay; Schott, Berenike
    This report presents the results of an online survey administered in six southeastern European countries: Albania, Bosnia and Herzegovina, Kosovo, Macedonia, Montenegro and Serbia. The survey was aimed at gathering insights related to the operations and human rights approach of municipalone-stop shops delivering services to citizens. Findings show that the region’s municipal citizen service centers are generally aware of the impact that their activities have on human rights. In addition to complying with legal requirements to guarantee the rights of citizens and avoid discriminatory practices in service delivery, many citizen service centers actively promote universal access to public services. This is mostly accomplished by taking measures that foster theinclusion of vulnerable groups and by offering mechanisms that encourage participation and accountability, such as citizen feedback and complaint-handling mechanisms.
  • Publication
    FY 2017 Macedonia Country Opinion Survey Report
    (World Bank, Washington, DC, 2017-02) World Bank Group
    The Country Opinion Survey in Macedonia assists the World Bank Group (WBG) in gaining a better understanding of how stakeholders in Macedonia perceive the WBG. It provides the WBG with systematic feedback from national and local governments, multilateral/bilateral agencies, media, academia, the private sector, and civil society in Macedonia on 1) their views regarding the general environment in Macedonia; 2) their overall attitudes toward the WBG in Macedonia; 3) overall impressions of the WBG's effectiveness and results, knowledge work and activities, and communication and information sharing in Macedonia; and 4) their perceptions of the WBG's future role in Macedonia.
  • Publication
    Positioning FYR Macedonia for the Global Economy: The Impact of Reforms and Investment Promotion in the Automotive Components Manufacturing Sector
    (World Bank, Washington, DC, 2017) World Bank Group
    Over the last two decades, successive governments and business leaders in the former Yugoslav Republic of (FYR) Macedonia have been actively working to transform the country’s economy and put it on a higher, technology-based, growth trajectory. For a small, landlocked country with a limited domestic market and a weak industrial base, this requires building a private sector that is competitive, export oriented,and integrated into global value chains (GVCs). In FYR Macedonia, where 23.7 percent of the labor force is unemployed and 30.7 percent of the population lives on less than USD 5 a day (2016 data),creating an attractive, competitive, and export-oriented private sector—one that leverages the country’s proximity to developed European markets and world-class enterprises—has become a political and strategic economic objective of the highest priority. This report describes the parameters of an aggressive reform and investment promotion effort in FYR Macedonia that began a decade ago and moved the country’s manufacturing sector toward higher value added, technology-based production with a unique focus on automotive component manufacturing. Readers interested in learning how a small country located in the Balkans region with a-priori low potential was able to reform its institutions, promote itself, and attract foreign direct investment (FDI) should find it useful. So will readers that are interested in industry specific strategies that go beyond first generation business environment reforms. Much of the report is a look backwards, to describe the parameters of the program, how it was executed, and results that were achieved. However, future steps are also proposed. The program is still very much a work in progress, and while very real and significant gains have been made—much to the credit of the country—certain aspects of it could be improved. Parts of the program are also in the process of being reshaped to reach new objectives, many of them related to sustainability. How well the government of FYR Macedonia focuses on new objectives defined by this transitional shift and directs future resources to encourage the processes there to go forward, will be a determining factor in whether its companies, and the country as whole, will be able to take the economy to a new level of competitiveness.