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News & Events
News
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12-Dec-2011
A critical factor undermining the business climate is corruption, which various indicators confirm to be a serious burden on business in Russia. Transparency International’s Corruption Perception Index suggests that Russia is perceived to be more corrupt by far than any OECD country, and is both the most corrupt BRIICS country and the most corrupt country in Europe.
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12-Dec-2011
Global financial turmoil, centred on the euro zone, has affected Russia’s financial markets and driven increased capital outflows, but with the oil price remaining high, the OECD’s projection remains one in which annual growth over the next two years is close to potential of around 4%.
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12-Dec-2011
The Russian economy is being modernised and per capita incomes are converging towards OECD levels, but the pace of catch-up could be increased up with determined efforts to raise energy efficiency and improve the business climate, especially via reduced corruption and strengthened rule of law.
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28-Nov-2011
Decisive policies must be urgently put in place to stop the euro area sovereign debt crisis from spreading and to put weakening global activity back on track, says the OECD’s latest Economic Outlook.
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22-Nov-2011
The Czech Republic has an energy- and carbon intensive economy. This poses a risk to public health and energy security, increases the burden of agreed emission targets and might also mean foregone opportunities for growth. Strengthening incentives for better use of energy and streamlining sectoral support programs would be essential.
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18-Nov-2011
In order to strengthen the fiscal policy framework the introduction of an explicit debt target should be considered and an independent fiscal institution should monitor and assess the budget as well as fiscal performance on all levels of government. Budgetary documentation should become more transparent and include performance indicators.
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18-Nov-2011
The pension system performs well in terms of keeping old age poverty low, but is not providing much diversification. The introduction of a new voluntary defined contribution pillar (“second pillar”) is a step in the right direction, which needs to be well communicated and accompanied by regulatory measures to allow the public to make informed choices. In particular, consideration should be given to establishing a central clearing house in order to keep fees low. Payouts in the form of annuities and life-cycle investment strategies should be the default options.
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18-Nov-2011
The Czech Republic has an energy- and carbon intensive economy, leaving important energy and emission saving opportunities underutilised due to insufficient incentives. This poses a risk to public health and energy security, increases the burden of agreed emission targets and might also mean foregone opportunities for growth. Instruments promoting energy efficiency need strengthening and should be more rigorously evaluated and better coordinated.
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18-Nov-2011
The post-crisis recovery in the Czech Republic is moderate. More rapid real convergence is dependent on the transition to a more innovative, skill based and more energy efficient economy. Enhancing efficiency of public sector spending and providing incentives for better use of energy would be essential
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31-Oct-2011
Presenting a special Briefing Note ahead of the Cannes Summit, Mr Gurría said without decisive action the outlook is gloomy. The OECD projects GDP growth to remain weak in the advanced G20 economies over the next two years while the pace of activity in the major emerging markets is likely to be lower than in the pre-crisis period.
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