Project description
Investigating barriers to foreign investment in former Soviet republics
During the last ten years, diplomatic and economic relations between the EU and several former Soviet republics such as Azerbaijan, Kazakhstan and Uzbekistan have improved. Visa liberalisation and economic fiscal reforms paved the way for foreign investments. However, foreign investments didn’t meet initial expectations, in large part due to informal barriers that remain under-reported and under-studied. The EU-funded MARKETS project will study the influence of both formal and informal factors that impact foreign investment in the former Soviet republics. The project will study two countries per subregion, mainly the Baltic states, Eastern Europe, Caucasus and Central Asia. It will construct a map of business environments in the region under study and develop and improve sustainable training programmes for future analysts, providing them with an essential practical understanding of the region.
Objective
In the past ten years, diplomatic and economic relations between the EU and a number of post-USSR republics have steadily improved. Initially concerned primarily with internal political stability, countries like Azerbaijan, Kazakhstan or Uzbekistan have since come to realize that availability of oil, gas and minerals is not a guarantee for a stable and shock-resistant economic environment. Efforts to diversify domestic economies and to attract foreign investments have multiplied in the past years in the region, through initiates that include visa liberalization and economic and fiscal reforms aimed at reducing barriers to entry for foreign business seeking access to domestic markets. The response from the international business community to these efforts have been modest to date. While a number of corporate entities have tried to enter new markets, the attractiveness of such newly opened republics remain limited, in large part due to informal barriers to foreign investment. Such informal obstacles and hindrances remain largely under-reported and under-studied, contributing to a more general lack of understanding of local business environments that is exacerbated by a dearth of regional specialists who can understand and navigate the micro and macro socio-political economies of post-USSR markets. MARKETS responds to novel opportunities emerging in post-Soviet spaces by conducting a study on the influence of both formal and informal factors impacting on access to markets in eight countries in the post-USSR, including two countries per sub-region (Baltics, Eastern Europe, Caucasus and Central Asia) to 1) construct a map of business environments in the region based; 2) create, develop and improve the sustainability of training programmes for future analysts to equip them with deep practical understandings of the region, embedded in the newest theoretical and methodological approaches
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.1.3. - EXCELLENT SCIENCE - Marie Skłodowska-Curie Actions
MAIN PROGRAMME
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H2020-EU.1.3.1. - Fostering new skills by means of excellent initial training of researchers
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
MSCA-ITN - Marie Skłodowska-Curie Innovative Training Networks (ITN)
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-MSCA-ITN-2019
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
9 Dublin
Ireland
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.