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Thursday, October 7, 2004
Country Study: Updated Analysis of the Economic Impact of the Registered Pledge System in Latvia - 2004
Riga, Latvia and Budapest, Hungary

In 2004, the PFS Program and the Association of Latvian Commercial Banks co-financed for the second year in a row a study of the economic impact of the registered pledge system in Latvia.

This country study is part of an ongoing regional registered pledges initiative that has included legislative drafting, research and public awareness/information activities in Albania, Bosnia and Herzegovina, Bulgaria, Czech Republic, Hungary, Latvia, Lithuania, Poland and Slovak Republic.

To download the study, please click on the link below:

Updated Analysis of the Economic Impact of the Registered Pledge System in Latvia - 2004.doc - 255 KB

Thursday, June 3, 2004
PFS Program Grant to the Association of Latvian Commercial Banks

The PFS Program awarded a PFS Program Grant to the Association of Latvian Commercial Banks to conduct an updated analysis of “The Economic Impact of the Registered Pledge System in Latvia – 2004.”

This analysis is part of an ongoing regional registered pledges initiative that has included legislative drafting, research and public awareness/information activities in Albania, Bosnia and Herzegovina, Bulgaria, Czech Republic, Hungary, Latvia, Lithuania, Poland and Slovak Republic.

The research will be completed in autumn 2004 and the report will be published on the PFS Program website.

Friday, December 12, 2003
Country Studies: The Economic Impact of Registered Pledge Systems in Latvia and Poland
Riga, Latvia and Gdansk, Poland

In 2003, the PFS Program co-financed two country studies: Each study analyzed the economic impact of the registered pledge system in the respective country. The Latvian study was co-financed by the Association of Latvian Commercial Banks and the Polish study was co-financed by the Gdansk Academy of Banking.

The studies were presented at the Regional Symposium on Registered Pledge Systems in Transition Economies, held in Budapest, Hungary on December 11, 2003. (See the PowerPoint presentations of these country studies as well as presentations on the Czech Republic and Sloval Republic.)

To download the studies, please click on the appropriate link below:

The Economic Impact of the Registered Pledge System in Latvia.doc - 337 KB
The Economic Impact of the Registered Pledge System in Poland - 2003.doc - 324 KB

Thursday, December 11, 2003
Second Annual Regional Symposium on Registered Pledge Systems in Transition Economies
Budapest, Hungary

On December 11, 2003 the PFS Program, in cooperation with the Association of Latvian Commercial Banks and the Gdansk Academy of Banking, held a Second Annual Regional Symposium on Registered Pledge Systems in Transition Economies. 19 persons, representing Hungary, Latvia, Norway, Poland, Serbia, Slovak Republic and the US, attended the Regional Symposium.

To download the agenda, presentations and list of participants, please click on the links below:

Agenda - The Economic Impact of Registered Pledge Systems - December 11, 2003.doc.rtf - 13 KB
Presentation - The Latvian System - December 11, 2003.ppt - 232 KB
Presentation - The Polish System - December 11, 2003.ppt - 200 KB
Presentation - Norway Registers Development AS.ppt - 219 KB
Presentation - The Slovak System - December 11, 2003.ppt - 69 KB
Presentation - The Czech System - December 11, 2003.ppt - 84 KB
List of Participants - Registered Pledge Symposium - December 11, 2003.doc - 26 KB

Monday, April 7, 2003
PFS Program Grants to the Association of Latvian Commercial Banks and the Gdansk Academy of Banking

The PFS Program awarded a PFS Program Grant to the Association of Latvian Commercial Banks to conduct an analysis of “The Economic Impact of the Registered Pledge System in Latvia” and a PFS Program Grant to the Gdansk Academy of Banking to conduct an updated analysis of the “Economic Impact of the Registered Pledge System in Poland 2002/2003.” The surveys will be completed in autumn 2003 and published on the websites of the respective institutions and the PFS Program.

Tuesday, June 4, 2002
Regional Symposium on Registered Pledge Systems in Six Transition Economies
Gdansk, Poland

On Tuesday, June 4, 2002 the PFS Program, in cooperation with The Gdansk Institute for Market Economics conducted a Regional Symposium on Registered Pledge Systems in Six Transition Economies. The symposium took place in Gdansk, Poland.

29 participants from 10 countries attended the symposium.

To download the agenda and presentations, please click on the links below:

Agenda - The Economic Impact of Registered Pledge Systems - June 4, 2002.rtf - 15 KB
Presentation - EBRD - June 4, 2002.ppt - 197 KB
Presentation - Albania - ACER - June 4, 2002.ppt - 225 KB
Presentation - Bulgaria - CED - June 4, 2002.ppt - 88 KB
Presentation - Booz, Allen Hamilton - June 4, 2002.ppt - 89 KB
Presentation - Hungary - TCgroup - June 4, 2002.ppt - 73 KB
Presentation - Hungary - ICEGEC - June 4, 2002.ppt - 164 KB
Presentation - Lithuania - LFMI - June 4, 2002.ppt - 95 KB
Presentation - Poland - IBnGR - June 4, 2002.ppt - 166 KB
Presentation - Czech Republic - June 4, 2002.ppt - 48 KB
List of Participants - June 4, 2002.doc - 34 KB

Saturday, June 1, 2002
Country Studies: The Economic Impact of Registered Pledge Systems in Albania, Bulgaria, Hungary, Lithuania and Poland

In 2001/2002, the PFS Program co-financed five country studies: Each study analyzed the economic impact of the registered pledge system in the respective country. The Albanian study was co-financed by the Albanian Economic Research Center; the Bulgarian study was co-financed by the Center for Economic Development; the Hungarian study was co-financed by the International Center for Economic Growth European Center; the Lithuanian study was co-financed by the Lithuanian Free Market Institute; and the Polish study was co-financed by The Gdansk Institute for Market Economics

To download the studies, please click on the appropriate link below:

Analysis of the Economic Impact of the Registered Pledge System in Albania.doc - 443 KB
The Economic Impact of the Registered Pledge System in Bulgaria.doc - 348 KB
The Economic Impact of the Registered Pledge System in Hungary.doc - 792 KB
The Economic Implications of the Registered Pledge System in Lithuania.doc - 299 KB
Analysis of the Economic Impact of the Registered Pledge System in Poland.doc - 424 KB

Monday, April 1, 2002
Research Study on Registered Pledge - Secured Transaction System in Hungary

In cooperation with the European Bank for Reconstruction and Development (EBRD), the PFS Program began a regional initiative to assess registered pledge / secured transaction systems in several Central and Eastern Europe (CEE) as well as Southeastern Europe (SEE) countries.

In 2001/2002, the EBRD and the PFS Program co-financed the study, “Experiences and Attitudes Among Participants in the Secured Transactions System: Hungary 2002” completed by TCgroup Research Consultancy Ltd.

To download this study, please click on the link below:

Experiences and Attitudes Among Participants in the Secured Transactions System - Hungary 2002 - TCgroupResearchConsultancy.pdf - 751 KB

Friday, July 13, 2001
Technical Assistance: Implementing Legislation for a Registered Pledge - Secured Transaction System
Sarajevo, Bosnia and Herzegovina

On Friday, July 13, 2001 in response to a request for technical assistance from the Ministry of Justice of the Federation of Bosnia and Herzegovina, the PFS Program organized a visit of three Polish judges to Sarajevo. Given that the Law on Registered Pledges and the Pledge Registry was under parliamentary consideration in the Federation of Bosnia and Herzegovina, the Ministry of Justice requested that the PFS Program provide expertise from Central and Eastern European countries regarding the implementing legislation necessary once the Law was passed. The Polish judges met officials of the Ministry of Justice and offered recommendations regarding implementing legislation. In their assessment report, the Polish judges noted that three pieces of Polish implementing legislation would provide an initial intellectual framework for the Ministry of Justice to begin drafting implementing legislation for Bosnia and Herzegovina. The PFS Program financed the translation of this legislation into Bosnian.

To download the assessment report (in English) and translations of Polish implementing legislation into Bosnian, please click on the respective link below:

Assessment Report - July 13, 2001.doc - 36 KB
Uredba 10.doc - 536 KB
Uredba 1997 poz 10181.doc - 22 KB
Uredba 1997 poz 8931.doc - 40 KB

Two of the judges, Judge Jacek Czaja and Judge Jacek Widlo, had visited Sarajevo in February 1999 (under the auspices of the then USAID Legal and Regulatory Reform Project) to assist the Ministry of Justice of the Federation of Bosnia and Herzegovina in drafting the Law on Registered Pledges and the Pledge Registry. As part of the technical assistance provided, Judge Czaja’s Commentary on the Polish Law on Registered Pledges and the Pledge Registry was translated into Bosnian.

To download the translation of Judge Jacek Czaja’s Commentary into Bosnian, please click on the link below:

Judge Jacek Czaja's Commentary on Polish Law - translated for BiH.rtf - 534 KB