02: Financing infrastructure projects in Central and Eastern Europe
With regard to infrastructure financing, the enlargement of the EU has created significant challenges for CEE countries as well as the European Union. According to European Investment Bank estimates, an investment volume of EUR 285 billion will be required for a partial introduction of EU standards in Central and Eastern European countries. Spread over a period of ten years, this will call for an annual investment amount of approximately 7% to 8% of the new member states GDP. In order to attain the same infrastructural level as the „old“ EU, an investment volume of EUR 500 billion will be required. At the same time, the Maastricht criteria restrict the latitude for fiscal action, meaning that this new environment calls for innovative financing solutions.
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Ollivier BODIN
Co-Manager with the World Bank Representative of the EC/World Bank Joint Office for SEE
1969-1974 | studies in economics at the Alfred Weber Institut, University of Heidelberg |
1974-1979 | assistent for economics at the Alfred Weber Institut, University of Heidelberg |
1979-1981 | Employed by the Berliner Handels und Frankfurter Bank, Francfort |
since 1981 | Official of the European Commission. |
1981-1999 | Various functions in the Directorate General for Economic and Financial affairs, including Head of Unit for developing and Western Balkan countries in the directorate for international affairs. |
since 1999 | Advisor for financial issues in the directorate responsible for the relations with the Western Balkans (DG Enlargement) and co-manager of the Joint Euroepan Commission-World Bank office for South East Europe. |
Dragos NEACSU
Ministry of Public Finance of Romania, Bucharest
Dragos Neacsu is a 1995 class graduate of the Canadian MBA Programme and has been actively involved into Romanian capital market for over ten years. | |
1996-1998 | he held the position of General Manager /Executive Director for Romanian National Securities Clearing, Settlement & Depository Company (SNCDD) and took actively part at the establishment and development of the RASDAQ electronic market. |
1998 | In this capacity, he initiated the process that led to the creation of the Central and Eastern Europe Central Securities Depositories Association. |
he joined Raiffeisen Capital and Investment Romania ("RCI") as Director of Capital Markets Department and Board of Directors Member | |
since 1998 | he actively participated to the lobby efforts for the pension sector reform in Romania. He founded the Romanian Association for Privately Managed Pensions in spring 2004, when he was elected as Vicepresident of this professional body that is made of insurance companies and asset managers promoting the introduction of the second and third pillar reforms in the pension sector. |
1999 | he took over the Chairman & CEO position with RCI. |
1999-2001 | Besides his professional duties, Mr. Neacsu was involved in the development process of Romania s emerging capital market as a member of the Listing and New Products Committee of Romanian Securities Dealers Association (ANSVM) , and starting with 2001 as member of Bucharest Stock Exchange ("BSE") Board of Governors and President of BSE s Listing Committee. |
2005 | he was appointed Secretary of State within the Ministry of Public Finance of Romania, coordinating the public debt and the State Treasury. |
Dr. Reinhard PLATZER
CEO, Dexia Kommunalkredit Bank, Wien
1974-1978 | Studies of business administration at Vienna s university of economics and b.a. |
1978-1979 | Doctoral thesis |
1979-1984 | Creditanstalt-Bankverein |
1984-1995 | Investkredit Bank AG, last position: Head of treasury |
1990-1995 | Member of the Executive Board Kommunalkredit Austria AG |
since 1993 | Managing Director of the Austrian Environmental Protection Fund |
since 1995 | CEO and Chairman of the Executive Board Kommunalkredit Austria AG |
since 2005 | CEO and Chairman of the Executive Board Dexia Kommunalkredit Bank AG |
President of the Supervisory Board of: | |
Dexia banka Slovensko, Slovakia | |
Dexia Kommunalkredit Bank, Poland | |
Kommunalkredit International Bank, Cyprus | |
Kommunalkredit Public Consulting, Vienna | |
Kommunalkredit Depot Bank, Vienna | |
Kommunalkredit Beteiligungs- u. Immobilien GmbH, Vienna | |
Kommunalkredit Dexia Asset Management, Vienna |
M.A., MBA Milen VELTCHEV
Former Minister of Finance of Bulgaria, Sofia
1983-1988 | MA in International Relations, University of national and world economy Sofia, Bulgaria |
1990-1992 | Attache, International Organizations Department, Ministry of Foreign Affairs, Sofia, Bulgaria |
1992-1993 | 1st year of MBA degree study, Fulbright Scholarship holder, University of Rochester, Rochester, USA |
1993-1995 | MBA in Financial Engineering, Sloan School of Management, Holder of a World Bank Scholarship for his studies there; awarded a Teaching Assistantship to Professor Stuart Myers; studied under Prof. Rudiger Dornbusch and Prof. Franco Modigliani; Massachusetts Institute of Technology, Cambridge, MA, USA |
1995-1999 | Associate with Investment Banking in Eastern Europe, Middle East and Africa Department, MERRILL LYNCH & CO. London, UK |
1999-2001 | Emerging Markets Vice President, MERRILL LYNCH & CO. London, UK |
since 2001 | Minister of Finance, Sofia, Bulgaria |
Dr. Ewald NOWOTNY
Governor, OeNB - Oesterreichische Nationalbank, Vienna
1967 | Doctorate in Law, University of Vienna |
1968-1973 | Assistant to Kurt W. Rothschild, Institute for General Economics and Public Economics, Johannes Kepler University, Linz |
1972-1973 | ACSL Fellow, Department of Economics, Harvard University, Cambridge |
1973 | Tenure-track professorship, General Economics and Public Economics, Johannes Kepler University, Linz |
Call to TH Darmstadt, Chair in Public Economics | |
1974-1981 | Full Professor and Head, Institute of Finance, Johannes Kepler University, Linz |
1981-2008 | Full Professor, Vienna University of Economics and Business (successor to Stephan Koren), partly on leave, Vienna |
2003-2005 | Vice Rector, Financial Affairs, Vienna University of Economics and Business, Vienna |
2008 | Honorary doctorate in Social and Economic Sciences, Alpen-Adria-University, Klagenfurt |
Business activities | |
1971-1979 | Member and later President, Governing Board of PSK - Österreichische Postsparkasse, Expert on cartel matters, Cartel Court of the Superior Land Court, Vienna |
1999-2003 | Vice-President and Member of the Management Committee, European Investment Bank, Luxembourg |
2006-2007 | Chief Executive Officer, BAWAG P.S.K. Bank für Arbeit und Wirtschaft Österreichische Postsparkasse Aktiengesellschaft |
since 2008 | Governor, OeNB - Oesterreichische Nationalbank |
Political activities | |
1978-1999 | Member, Austrian Parliament |
1980-1987 | Deputy Chairman, Scientific Committee |
1985-1999 | Chairman, Finance Committee |