Young consumer in one of Pridnestrovie's privately-owned supermarkets.
The country has its own Central Bank and its own freely convertible currency, the PMR Ruble. Inflation is under control and a managed round of privatizations with a human face is bringing the right kind of growth to the country. Local companies and foreign investment benefit from a low flat tax of just 15%, there is a vibrant media sector of privately owned radio- and TV stations, and strong small business growth. [ More ]
That helps deter abuses in the financial system, as does the fact that Pridnestrovie has joined the WCO (World Customs Organization) and streamlined the electronic control of customs documents.
As the EU reports, Pridnestrovie "is relatively open economically to the outside world". The state works to keep it that way, with a strong transport infrastructure and local companies with ISO- and Lloyds of London certifications. In gas infrastructure, Pridnestrovie is the region's leader: The country doubled the extent of its lines since independence in 1990. All of which helps explain why the young country has a higher growth and a better standard of living than its nearest neighbor in the region.
|
CAPITALISM:  Market economy and free trade200%+ growth in five years is the result of reforms in Pridnestrovie. The country went from a state controlled Soviet system to freedom and a liberal market economy. And in the process, it created a couple of homegrown "Asian Tigers"...[more]
EXPORTS:  Open trade with EU, US"A very open economy with a high degree of trade with the EU and the US." That's how a European Union report describes Pridnestrovie. The United States is the first customer of the country's steel. In total, it has trade relations with nearly 100 countries....[more]
RELATED SUBJECTS:
|
|
READ MORE:  Sheriff, Pridnestrovie's second-largest companySheriff Ltd is the number two company in Pridnestrovie (number one is a steel mill), and the most visible: It runs a chain of supermarkets, gas stations, owns a soccer club and just built a brand new stadium. Reinvesting its profits in its home country, the company is doing a lot of good. But it is also making itself some enemies in the process......[more] |
