Kyrgyz Republic: Integrated State-Owned Enterprises Framework Assessment

Notwithstanding its significant downsizing due to the country´s transition from a planned to a market economy, the public sector in Kyrgyz Republic still owns one hundred thirty-six SOEs, with the largest ones operating in strategic and economically important sectors. The main objective of this integrated state-owned enterprises framework assessment (iSOEF) is to analyze the economic and fiscal impact of the Kyrgyz state-owned enterprise (SOE) portfolio, and identify ways to strengthen its performance and corporate governance.

Enhancing Governance in Montenegro's SOEs: The Critical Role of Audit Committees

The fourth national conference under the Road to Europe Program of Accounting Reform and Institutional Strengthening for Small and Medium Enterprises (REPARIS for SMEs) in Montenegro on May 24 included important discussion of the critical role of audit committees in ensuring transparency and accountability of Public Interest Entities (PIEs) and state-owned enterprises (SOEs).

Launch of a New Regional Program - Enhancing Accounting, Auditing, and Sustainability Reporting (EAASURE)

A new regional program Enhancing Accounting, Auditing, and Sustainability Reporting (EAASURE) was launched in Vienna, Austria on May 28-29, 2024 as part of a two-day Knowledge Sharing Event “Responding to New Requirements and Challenges in Corporate Financial and Sustainability Reporting” attended by about 80 participants from the 11 beneficiary countries.

Strengthening Corporate Governance in Montenegro: Sustainability Reporting and the Increasing Role of Audit Committees

The fourth national conference under the Road to Europe Program of Accounting Reform and Institutional Strengthening for Small and Medium Enterprises (REPARIS for SMEs) regional project was held on May 24, 2024, in Ulcinj, Montenegro. The conference was organized in cooperation with the Institute of Certified Accountants of Montenegro (ICAM) as part of ICAM’s 9th International Symposium of Accountants and Auditors of Montenegro.

Strengthening Corporate Governance in North Macedonia: Sustainability Reporting and the Increasing Role of Audit Committees

The third national conference under the Road to Europe Program of Accounting Reform and Institutional Strengthening for Small and Medium Enterprises (REPARIS for SMEs) regional project was held on November 09, 2023, in Skopje, North Macedonia.

Roundtable on importance of good corporate governance and transparency of SOEs

The National Agency of State Property of Georgia (NASP) organized the roundtable on “Importance of Good Corporate Governance and Transparent Accounting and Reporting at State Owned Enterprises (SOEs)”. The event, which gathered over 40 representatives of the NASP and approximately 15 members of Georgia’s largest SOEs, was held with the support of the World Bank’s Centre for Financial Reporting Reform (CFRR) and the International Finance Corporation (IFC).

The Kyrgyz Republic: Integrated State-Owned Enterprises Framework Assessment (iSOEF): Report Presentation

On 10 February 2022, the SOE Technical Note – integrated SOE Framework (iSOEF) was presented in a virtual workshop to the Kyrgyz Government. Building on the initial workshop in 2020 and taking into account the Government’s comments, final iSOEF Assessment analyzes the impact of the Kyrgyz State-owned Enterprises (SOEs) on the economy, assesses fiscal costs and risks stemming from SOEs focusing on the energy sector, and analyzes corporate governance and financial reporting frameworks, practices applied by the Kyrgyz SOEs.

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