THE ROLE AND IMPORTANCE OF THE PUBLIC-PRIVATE PARTNERSHIP IN THE REPUBLIC OF SERBIA IN FINANCING LOCAL ECONOMIC DEVELOPMENT

2013 ◽  
Author(s):  
Andrijana Jovanović
Keyword(s):  
Economic Development ◽  
Local Economic Development ◽  
Public Private Partnership ◽  
Private Partnership ◽  
The Public ◽  
The Republic

scholarly journals VALUE FOR MONEY IN PUBLIC-PRIVATE PARTNERSHIP PROJECTS IN THE FIELD OF STREET LIGHTING IN THE REPUBLIC OF SERBIA

2020 ◽  
Vol 20 (2) ◽  
Author(s):  
Dejan Milenković ◽  
Vladimir Đurić
Keyword(s):  
Public Sector ◽  
Public Administration ◽  
New Public Management ◽  
Public Private Partnership ◽  
Value For Money ◽  
Street Lighting ◽  
Private Partnership ◽  
The Public ◽  
Public Administration Reform ◽  
The Republic

Public administration reform, better known as the New Public Management - NPM, which began in the mid-1970s, had a key impact on the development of modern public administration. The NPM emphasizes the economic values of public administration, to the detriment of its other values. Public Private Partnership- PPP is one of the basic elements of NPM doctrine. PPP is a partnership between the public and private sector that aims to provide a service traditionally provided by the public sector. An integral part of every PPP is the Value for Money methodology. The “Value for money”- VfM method emerged in this process of public administration reform, first in the UK. The document of the British Government Private Finance Initiative (PFI) from the year 1992, presented the basis for the creation of a new so-called “Venture”, which at that time was called a joint venture, and which is today known as PPP. PPP is a relatively new institute that has existed in the Republic of Serbia since 2011. In this paper, we will deal with the application of the VfM methodology in PPP projects related to street lighting in the Republic of Serbia, and try to give answer about social and economic justification of PPP and potential economic savings that can be achieved in the public sector through the implementation of PPP. At the present time, when there is more and more talk about the need for environmental protection, sustainable development and energy efficiency, PPP projects can have an increasing importance in this area. For this reason, we have limited the application of VfM methods in PPP projects in the Republic of Serbia only to street lighting projects which provide the mentioned goals.

scholarly journals Institutional Support of the Public-Private Partnership in the Republic of Poland

2019 ◽  
pp. 145-155
Author(s):  
Nykola Lakhyzha ◽  
Svitlana Yehorycheva
Keyword(s):  
Public Administration ◽  
Organizational Support ◽  
Institutional Support ◽  
Public Private Partnership ◽  
Law Firms ◽  
Public And Private ◽  
Private Partnership ◽  
The Public ◽  
The Republic ◽  
The Government

The experience of the institutional support of public-private partnership in the Republic of Poland has been analyzed. It is noted that Poland was one of the first among the post-communist countries to implement a mechanism of public-private partnership. The peculiarities of the practice of realization of public-private partnership in Poland during the 1990s and its legal support were determined. The possibility of its development on the basis of general norms of civil, economic, administrative and other branches of law is emphasized. The process of development and adoption of separate laws on public-private partnership and their specific features are described. The essence of discussions about the need for creation of a special authorized body for regulation of public-private partnership, which was caused by the problems that arose from public and private partners during the conclusion and implementation of the relevant agreements, was disclosed. The modern components of organizational support for supporting the development of public-private partnership in Poland, their role and their inherent functions are revealed: the Department for Public-Private Partnerships of the Ministry of Investment and Development, similar departments in public administration bodies of different levels, the Public-Private Partnership Platform, Polish Entrepreneurship Development Agency, Institute of Public Private Partnership, private law firms, scientific and educational institutions. The necessity to improve the institutional support of public-private partnership, which is realized by the government of Poland as well, is stated. The content and significance of the latest program documents in this area that are intended to improve the process of administration the development of public-private partnership — the concept «The vision of sustainable development for Polish business 2050» and «Government policy in the field of development of public-private partnership» are characterized. The importance of using the experience of the Republic of Poland in the practice of public administration of the Ukrainian system of public-private partnership is emphasized.

THE EUROPEAN DIMENSION OF PUBLIC-PRIVATE PARTNERSHIP AND EXPERIENCES IN TOURISM OF THE REPUBLIC OF CROATIA

2009 ◽  
Vol 15 (1) ◽  
pp. 85-100
Author(s):  
Vinka Cetinski ◽  
Marko Perićć ◽  
Violeta Sugar
Keyword(s):  
Well Being ◽  
Public Private Partnership ◽  
Successful Implementation ◽  
The European Union ◽  
Development Education ◽  
Private Partnership ◽  
Public Marketing ◽  
The Public ◽  
Advantages And Disadvantages ◽  
The Republic

Public-private partnership (PPP) is a method for developing sustainable development that has been proven worldwide and endorsed in practice, and its ultimate aim is to increase the overall well-being of society. In a variety of ways, it brings together the interests of the public, private and civil sector in meeting specific needs for augmenting the quality and/or availability of services and products The European Union (UN) has not always supported the co-financing of projects devised as PPP. Recently, however, it has begun to encourage a wider application of this form of financing that demonstrates a huge potential in accomplishing public services, that is, projects intended for the public. Marketing and promotion, product development, education, financing and investment, and environmental protection are but some of the areas of public-private collaboration in tourism in a global setting. The purpose of this paper is to provide an outline of world experience and practice in PPP with emphasis on the EU, so that Croatia, by taking under consideration these experiences, advantages and disadvantages, may define an appropriate legal and business framework and identify the criteria for the successful implementation of PPP in its economy, and in particular, in tourism, one of its highest-growth industries.

scholarly journals Impact of funding on cost-time aspects of public and social buildings

2019 ◽  
Vol 71 (1) ◽  
pp. 21-32
Author(s):  
Ksenija Tijanić ◽  
Diana Car-Pušić ◽  
Ksenija Čulo
Keyword(s):  
Public Service ◽  
Public Private Partnership ◽  
Traditional Model ◽  
Construction Work ◽  
Public Building ◽  
Private Partnership ◽  
The Public ◽  
The Republic

The comparison of the traditional (budget-funded) public building procurement model with the public private partnership (non-budget funded) model is presented in the paper. Public service buildings procured based on the traditional model and those procured according to the PPP model are compared in the scope of research involving nine buildings realized in the Republic of Croatia. The results point to greater efficiency of the PPP model in the construction of public service buildings, with regard to both cost and time of construction work.

scholarly journals Legal Valences of Public-Private Partnership in the Republic of Moldova as an Economic Tool for Innovative Directions of Development

2020 ◽  
Vol 9 (1) ◽  
pp. 34
Author(s):  
Irina Calugareanu
Keyword(s):  
Banking System ◽  
Public Private Partnership ◽  
The State ◽  
Management Tools ◽  
Private Partnership ◽  
The Public ◽  
Republic Of Moldova ◽  
Current Economic Situation ◽  
The Republic ◽  
The Right

The current economic situation leads to significant changes in the social sector of society. Formerly owned by the state, the infrastructure objects are transferred to private companies, the state reserving the right to regulate and monitor the subsequent activities of these objects. The public-private partnership is based on the cooperation between the public partner and the private partner to increase the efficiency of the public patrimony, each partner assuming concrete risks, innovations, and responsibilities.The Republic of Moldova development required the introduction of innovative management tools for implementing state and regional development strategies, such as the new format of specific programs, strategies for developing regional clusters, the introduction of public-private partnership principles. Governments understood that PPPs could help overcome the situation in the Republic of Moldova when medium and long-term financing sources with a maturity of 3 years are virtually inaccessible within the existing banking system. This situation, combined with a constant lack of financial resources in the budget, suggests that the initiation of the PPP is an alternative tool to further the country's infrastructure development.The article reviews the local legal valences on the public-private partnerships as an economic tool for innovative directions of development and the main weaknesses of the Republic of Moldova framework.

scholarly journals Public-private partnership in healthcare and pharmaceutical sector of the Republic of Kazakhstan

2021 ◽  
Vol 8 (2) ◽  
pp. 45-55
Author(s):  
Mansur Badaev
Keyword(s):  
Public Private Partnership ◽  
Public Private Partnerships ◽  
Practical Significance ◽  
State Control ◽  
Private Partnership ◽  
The Public ◽  
Current State ◽  
The Social ◽  
Private Entrepreneurs ◽  
The Republic

Interaction between the state and business is one of the main ways to solve the social problems of modern states. The relevance of the subject matter is conditioned by the fact that the development of forms of public-private partnership provides an influx of investments from private entrepreneurs in the field of healthcare and pharmaceuticals in the Republic of Kazakhstan. The purpose of the study is to define the public-private partnerships and analyse international experience in implementing practises on specific projects. The methodological basis of the study consisted of the following methods: system, structural and functional, institutional, monographic, forecasting, tabular and graphical. In the course of the study, the theory and practise of public-private partnership in the healthcare and pharmaceutical sectors, the signs and principles of such partnership were considered. The classification was carried out, the most striking examples of the implementation of public-private partnerships were analysed. The differences between public-private partnership contracts were investigated, and attention was paid to the functions and content of such contracts, including the terms and expected risks. The advantages for each of the stakeholders in the public-private partnership were analysed: the private sector, the public sector, and consumers. The analysis of the current state of public-private partnership in the field of healthcare and pharmaceuticals in the Republic of Kazakhstan was carried out. The practical significance of the study lies in the development of recommendations for improving the forms of public-private partnership for the authorities to maintain state control and comply with the conditions for an adequate distribution of all risks, responsibilities and benefits among the participants of this type of partnership

scholarly journals Retaining Public Enterprise Status Through Own Shares

2011 ◽  
Vol 9 (1) ◽  
pp. 85-101
Author(s):  
Marijan Kocbek
Keyword(s):  
Private Equity ◽  
Legal Status ◽  
Public Private Partnership ◽  
Public Enterprise ◽  
Public Enterprises ◽  
Private Partnership ◽  
The Public ◽  
The Republic ◽  
Simplified Procedure ◽  
A Company

The paper deals with the transitory provisions of the Public-Private Partnership Act that strongly interferes with the legal status of the public enterprises in Slovenia. According to this Act, there are merely two options for public enterprises in which there are private equity stakes. A public enterprise can be transformed into a company in accordance with the Companies Act, or the public enterprise status can be retained, provided that the private equity stakes are in a way nullified in the public enterprise, and that only the equity stakes owned by the Republic of Slovenia or local communities remain. The Act expressly refers to an option of terminating the private equity stakes through an own shares fund. By analysing the Companies Act, the author states that in practice, the procedure for acquiring own shares is most relevant due to their withdrawal. Thus, the share capital is reduced. In this case, the companies have two options. In the first option, the companies may withdraw their shares by following a simplified procedure. When doing so, they must have reserved profits at their disposal to use them for this purpose instead of dividing them among shareholders. In the second option, the companies may also withdraw their shares chargeable to quality funds, i.e., fixed-term categories of capital. However, in so doing, they must carry out all the necessary procedures for protecting creditors, which delays the whole transaction. Keywords: • public-private partnership • public enterprise • own shares • Slovenia

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