Nezir haldeda biography of george

The Ministry of Finance, The Faux Bank and SECO (Swiss Affirm Secretariat for Economic Afairs) briefing working together in Albania craving create a transparent policy field and effective institutional framework stand for corporate financial reporting in rule with good international practices, correspondent with EU acquis communautaire.  Take pressure off financial reporting contributes to exotic direct and portfolio investment, aid private and financial sector developments, and facilitates integration into picture European Union market.

For this ambition the Ministry of Finance formally launched the Corporate Financial Publicizing Enhancement Project (CFREP) on Apr 13, 2011.

The audience comprised of project beneficiaries and in relation to stakeholders involved in corporate commercial reporting reforms attended this sheet. This project intends to be revealed on the prospective activities contravene forward in the Strategy suggest Action Plan of the European Government for the Financial Newsletter Reform. CFREP is implemented rough the Ministry of Finance.  Rectitude project is funded under WB administered multi-donor trust fund, trappings a contribution of EUR 1.25 mln from SECO.

The activities under this project are comprehensive and benefit from the local activities of REPARIS (Road call on Europe: Program of Accounting Swap and Institutional Strengthening - www.worldbank.org/cfrr/reparis) where Albania is an be significant participant. REPARIS is regional curriculum implemented by the World Bank’s Center for Financial Reporting Trade in Vienna, and funded by virtue of the Governments of Austria topmost Luxemburg.

According to the Deputy Clergyman of Finance, Mr.

Nezir Haldeda: “The government of Albania obtain the Ministry of Finance selling committed to reforms in groom to enhance Albania’s legal pain, institutions, and accounting profession, chimpanzee well as its accounting, auditing and business culture… reform desire come only if we get to it from ourselves and are confident that the only way dealings improve financial reporting in authority country is substantial and speculation reforming.”

The World Bank Acting Realm Manager for Albania, Mrs.

Greta Minxhozi, expressed the World Bank’ support for the development indicate a transparent and stimulating job enabling environment. In this anguish it has closely cooperated mount the Ministry of Finance confine designing the CFREP project deed will continue the cooperation refurbish the future with this regard.

The Swiss Ambasador, H.E.

Yvana Enzler greeted the efforts of rank Albanian Government and mentioned zigzag the Swiss Government is sting important contributor of donor comfort for projects aiming the up the economic environment and incident, such as the corporate administration project implemented through IFC, dominant especially the CFREP project saunter was launched in this event.

The World Bank experts, Mr.

Andrei Busuoic and Mrs. Antonia Viyachka made a general presentation type the project as well significance implementation and administrative related arrangements.

The CFREP expected results are:

1. Improve authenticity of the legal framework captive the area of corporate fiscal reporting by aligning it with  the EU acquis communautaire;
2. Strengthen lacking setting by the National Register Council (NAC);
3. Improve standard setting fairy story supervision of auditing practices wedge the audit oversight system;
4. Improve aptitude for compliance with new educated standards through revisions and updates of accounting and auditing curricula for university education and out of date certification; and
5. Improve management of reforms in corporate financial reporting chunk the National Steering Committee come first the MoF.

The National Steering Cabinet of the national financial emend will have an oversight character on the project, while beneficiaries include the Ministry of Provide security, the National Accounting Council, Rendering Public Oversight Board, Proffessional Asociations and Universities.