Potential Contributions of South East European Local Governments to the Regional Economic Area (MAP REA)
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2.1. Overall Investment Environment (Ch II.1.1 / Ch I, II) The first MAP REA / RIRA Agenda cluster is overall investment environment, which includes the alignment of legal frameworks and climate factors, in particular towards the interests and the rights of private investors, for example, regulations pertaining to protection rights, incentive systems, compliance of treaties with EU and international standards, entry enhancing measures and investment retention mechanisms. To the extent that private enterprise activities are involved in providing public services, such as PPP for public utilities, these alignments are immediately in the interest of public partners.
Table 3: Overall Investment Environment Local Concerns
Legal/ Regulatory Attempts/ Measures
Overall Investment Environment – Ch II.1.1 / Ch I, II (general legal frame, climate, investment protection, incentives) Not covered Local level not Local level by Map Rea/ sufficiently sufficiently Rira covered covered Framework for Spatial/urban planning Land use rules Building law/supervision National government rules, execution & implementation by LGs Investment protection, work permit rules etc. National government rules, execution & implementation by LGs Framework for autonomy (fiscal, policy) National government rules, participation in implementation by LGs City attractiveness, “City branding” Implementation by LGs
Basic Institutional Settings
