DOCSLIB.ORG

Chief Economist Annual Report 2006

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Chief Economist Annual Report 2006 CHIEF ECONOMIST ANNUAL REPORT 2006 Podgorica, 2007 PUBLISHED BY: Central Bank of Montenegro Bulevar Svetog Petra Cetinjskog 6 81000 Podgorica Telephone: +381 81 665 331 Fax: +381 81 665 336 WEBSITE: http://www.cb-cg.org CENTRAL BANK COUNCIL: Ljubiša Krgović, MS, President Milojica Dakić, MS Goran Knežević, MS Petar Drakić Krunislav Vukčević Radmila Savićević Franjo Štiblar, PhD PREPARED BY: Nikola Fabris, PhD, Chief Economist Research and Statistics Department TRANSLATED BY: Translation Services Division DESIGNED BY: Andrijana Vujović PRINTED BY: Grafo Crna Gora PRINTED IN: 200 copies Users of this publication are requested to make reference to the source of information whenever they use data from the Report. BASIC INFORMATION ABOUT MONTENEGRO Surface: 13,812 km2 Population: 620.145 Length of borders : 614 km Podgorica (169,132 inhabitants) - Capital: administrative and economic centre Royal Capital: Cetinje– historical and cultural centre Length of seacoast: 293 km Length of beaches: 73 km The longest beach: Velika plaza, Ulcinj - 13.000 m The highest peak: Bobotov kuk (mountain Durmitor) - 2,522 m The largest lake: Skadarsko lake - 391 km2 The deepest canyon: river Tara - 1,300 m The biggest bay: Boka Kotorska Time zone: GTM+1 Electric system: 220V/50Hz Climate: Mediterranean Average air temperature: in summer 27.4 C Maximum sea temperature 27.1 C Average number of sunny days in a year: 240 Swimming season: 180 days Sea: Adriatic Sea transparency: from 38 to 56 m CONTENTS MACROECONOMIC ENVIRONMENT IN MONTENEGRO 9 1. REAL SECTOR DEVELOPMENTS 13 1.1. Gross Domestic Product 15 1.2 Activities 21 1.3. Prices 31 1.4. Labour Market 39 1.5. Results of the Processing of Annual Financial Statements of Legal Entities in Montenegro 43 2. MONETARY DEVELOPMENTS 51 2.1. Money Supply 54 2.2. Banks’ Liquidity 55 2.3. Aggregated Balance Sheet of Banks 56 2.4. Banks’ Reserve Requirement 67 2.5. Micro Credit Financial Institutions 69 2.6. Lending Interest Rates 71 3. FINANCIAL MARKETS 75 3.1. Money Market 77 3.2. Capital Market 78 4. FISCAL SECTOR 85 4.1. Budget Review 87 4.2. Review of Budgetary Funds in 2006 94 5. PUBLIC DEBT 97 5.1. Foreign Public Debt 99 5.2. Domestic Public Debt 102 5.3. Public Debt Repayment 103 6. EXTERNAL DEVELOPMENTS 105 6.1. Balance of Payments Current Account 108 6.2. Capital and Financial Transactions Account 117 7. INTERNATIONAL ECONOMY 121 7.1. Economic Trends 124 7.2. Interest Rate Movements 126 7.3. Exchange Rate Movements 127 7.4. Montenegro and International Environment 128 8. IMPORTANT EVENTS IN 2006 131 9. ANNEX 139 Review of macroeconomic developments Percentage 2005 2006 change REAL SECTOR DEVELOPMENTS GDP (in current prices in EUR million) 1,690.0 1,829.0 8.22 Industrial output index (compared to the same period the year before) -1.9% 1.0% --- Forestry (compared to the same period the year before) 14% 14.2%** --- Construction (compared to the same period the year before) 10.6% 47.8%** --- Employment Number of employed people (period-end) 145,261 155,566*** 7.0% Number of unemployed people (period-end) 48,825 38,876 -20% Inflation rate CPI (compared to December the year before) 2.4% 2.8% --- RPI (compared to December the year before) 1.8% 2.0% --- Average salary (EUR, without taxes and contributions) 213 245.95 15.5% MONETARY DEVELOPMENTS M11 (EUR million) 614.7 1.096.7 78.4 Total deposits (EUR million) 487.9 1.071.5 119.6 Deposits by economy 143.9 318.0 121.0 Government deposits 97.8 113.0 15.5 Central government 20.2 21.3 5.4 Institutions and agencies of central government 14.4 20.3 41.0 Funds and municipalities 63.2 71.4 13.0 Deposits by financial institutions 40.1 75.2 87.5 Deposits by households (savings) 175.8 498.6 183.6 Deposits - other 30.3 66.7 120.1 Total loans (EUR million) 375.9 844.4 124.6 Loans to economy 230.1 471.6 105.0 Loans to government 30.8 40.1 30.2 Central government 9.9 12.1 22.2 Institutions and agencies of central government 5.4 3.7 -31.5 Funds and municipalities 15.5 24.3 56.8 Loans to banks and financial institutions 0.1 6.5 6.400 Loans to private citizens 104.3 310.9 198.1 Other loans 10.6 15.3 44.3 Turnover in stock exchanges (EUR million) 198.45 377.01 90.0 NEX stock exchange 116.13 135.70 16.9 Montenegroberza stock exchange 82.31 241.31 193.2 Stock exchange indices NEX20 9,781.28 18,050.80 NEX PIF 7,992.50 17,763.63 MOSTE 465.60 918.88 Average interest rates on 28-day T-bills 4.65% Average interest rates on 56-day T-bills 1.64% Average interest rates on 91-day T-bills 0.98% 0.97% Average interest rates on 182-day T-bills 1.01% 0.50% FISCAL DEVELOPMENTS (EUR million) Origin revenues 428.1 567.2 32.5 Total expenditure and net borrowings 425.3 532.5 25.2 Surplus/deficit of the government 2.8 34.6 1,135.7 Financing 35.1 -32.1 -191.5 Grants 2.5 0.0 Privatisation revenues 136.3 6.3 -95.4 Net indebtedness -103.7 -38.5 -62.9 EXTERNAL DEVELOPMENTS Current account (EUREUR million)million) -154 -568.2 269.0 Trade balance -513.6 -905.6 76.3 Balance of services (tourism +transport+fin.services+other services) 195.5 216.4 10.7 % of trade deficit/other balances coverage 70 37.3 Capital and financial account Current account in % of GDP (EUR) -9.1 -31 240.7 Old FX savings (EUR million) 117 105.2 -10.1 External debt (EUR million) 513.4 504 -1.8 *Government projection for 2006 ** Data for January - November 2006 *** Data for November 2006 MACROECONOMIC ENVIRONMENT IN MONTENEGRO The year 2006 may be viewed as a very successful year. It However, a somewhat higher inflation rate should was a transitional period from the phase of establishing be expected in 2007. Our forecast is that it will range stability to the phase of accelerated growth. The major between 2.5% and 4.5%. A similar estimate was trends that characterized this year were: a rapid growth obtained through the fan chart model that showed, in economic activity, a low inflation rate, the fiscal with a 90% probability rate, that inflation will vary surplus, the record inflow of foreign direct investments, between 1.9% and 4.2%. Inflation movement will and a remarkably dynamic development of the banking be greatly affected by the announced increase in the market. The only real imbalance is the high level of the prices of electricity. current account deficit. With a view to EU accession, 2006 was very important. According to preliminary estimates, GDP rose by 6.5%. The negotiations on the signing of the Stabilisation However, we believe that the actual growth is higher, and Association Agreement (SAA) were concluded, roughly estimated at being a minimum 8%. The GDP ratification being expected in the second quarter of increase was driven by growing demand, and the main 2007. Bearing in mind that Montenegro’s ultimate contributors to its growth were construction, tourism, objective is joining the European Monetary Union, an the banking system, and foreign direct investments. encouraging fact is that all the Maastricht Criteria were met both in 2005 and 2006 (except that with regard The inflation rate was only 2%, measured by the retail to the interest rate). It is not sufficient to fulfil these price index, thus continuing the five-year trend of one- criteria only one year but to keep doing so continuously. digit inflation. The achieved rate was much lower than Currently, most of the new EU member countries do the projected rate of 3%, thus being in line with the not fulfil these criteria. Maastricht Criteria. The somewhat higher rate than that recorded last year (by 2 percentage points) was The financial market developments were very primarily due to the amended methodology whereby encouraging. The amount of loans disbursed rose the oil derivatives weight was increased by almost five by 124%, placed deposits by 120%, and savings times in comparison with the previous year. The cost of by households by no less than 184%, while banks’ living index showed slightly higher growth, by 2.8%, assets increased by 105%. Banks have a high level of mainly as a result of the different weights of some food liquidity, showing that no part of the allocated reserve products. The inflation indicator that is going to be used requirements or loans for liquidity maintenance was as of 2007 is the cost of living index since the structure used during the reporting year. The privatisation of of the consumer basket has changed thus creating the the banking sector is nearing its completion and the conditions for the index change. This will provide a state, as a direct owner, has no bank shares. This data higher degree of comparability with the harmonized shows that the banking system reform process has consumer price index used by the European Monetary been successfully implemented. Union as the inflation indicator. MACROECONOMIC ENVIRONMENT IN MONTENEGRO 9 Interest rates have been on a downtrend, yet remain visited Montenegro in 2006 rose by 16.3% in comparison high. For the first time the average weighted effective with the previous year. A very encouraging fact is that lending rate was a one-digit figure.
Load more

Recommended publications
  • Liste-Exploitants-Aeronefs.Pdf
    EN EN EN COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, XXX C(2009) XXX final COMMISSION REGULATION (EC) No xxx/2009 of on the list of aircraft operators which performed an aviation activity listed in Annex I to Directive 2003/87/EC on or after 1 January 2006 specifying the administering Member State for each aircraft operator (Text with EEA relevance) EN EN COMMISSION REGULATION (EC) No xxx/2009 of on the list of aircraft operators which performed an aviation activity listed in Annex I to Directive 2003/87/EC on or after 1 January 2006 specifying the administering Member State for each aircraft operator (Text with EEA relevance) THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, Having regard to Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a system for greenhouse gas emission allowance trading within the Community and amending Council Directive 96/61/EC1, and in particular Article 18a(3)(a) thereof, Whereas: (1) Directive 2003/87/EC, as amended by Directive 2008/101/EC2, includes aviation activities within the scheme for greenhouse gas emission allowance trading within the Community (hereinafter the "Community scheme"). (2) In order to reduce the administrative burden on aircraft operators, Directive 2003/87/EC provides for one Member State to be responsible for each aircraft operator. Article 18a(1) and (2) of Directive 2003/87/EC contains the provisions governing the assignment of each aircraft operator to its administering Member State. The list of aircraft operators and their administering Member States (hereinafter "the list") should ensure that each operator knows which Member State it will be regulated by and that Member States are clear on which operators they should regulate.
    [Show full text]
  • Prior Compliance List of Aircraft Operators Specifying the Administering Member State for Each Aircraft Operator – June 2014
    Prior compliance list of aircraft operators specifying the administering Member State for each aircraft operator – June 2014 Inclusion in the prior compliance list allows aircraft operators to know which Member State will most likely be attributed to them as their administering Member State so they can get in contact with the competent authority of that Member State to discuss the requirements and the next steps. Due to a number of reasons, and especially because a number of aircraft operators use services of management companies, some of those operators have not been identified in the latest update of the EEA- wide list of aircraft operators adopted on 5 February 2014. The present version of the prior compliance list includes those aircraft operators, which have submitted their fleet lists between December 2013 and January 2014. BELGIUM CRCO Identification no. Operator Name State of the Operator 31102 ACT AIRLINES TURKEY 7649 AIRBORNE EXPRESS UNITED STATES 33612 ALLIED AIR LIMITED NIGERIA 29424 ASTRAL AVIATION LTD KENYA 31416 AVIA TRAFFIC COMPANY TAJIKISTAN 30020 AVIASTAR-TU CO. RUSSIAN FEDERATION 40259 BRAVO CARGO UNITED ARAB EMIRATES 908 BRUSSELS AIRLINES BELGIUM 25996 CAIRO AVIATION EGYPT 4369 CAL CARGO AIRLINES ISRAEL 29517 CAPITAL AVTN SRVCS NETHERLANDS 39758 CHALLENGER AERO PHILIPPINES f11336 CORPORATE WINGS LLC UNITED STATES 32909 CRESAIR INC UNITED STATES 32432 EGYPTAIR CARGO EGYPT f12977 EXCELLENT INVESTMENT UNITED STATES LLC 32486 FAYARD ENTERPRISES UNITED STATES f11102 FedEx Express Corporate UNITED STATES Aviation 13457 Flying
    [Show full text]
  • Contractions 7340.2 CHG 3
    U.S. DEPARTMENT OF TRANSPORTATION CHANGE FEDERAL AVIATION ADMINISTRATION JO 7340.2 CHG 3 SUBJ: CONTRACTIONS 1. PURPOSE. This change transmits revised pages to Order JO 7340.2, Contractions. 2. DISTRIBUTION. This change is distributed to select offices in Washington and regional headquarters, the William J. Hughes Technical Center, and the Mike Monroney Aeronautical Center; to all air traffic field offices and field facilities; to all airway facilities field offices; to all intemational aviation field offices, airport district offices, and flight standards district offices; and to interested aviation public. 3. EFFECTIVE DATE. May 7, 2009. 4. EXPLANATION OF CHANGES. Cancellations, additions, and modifications (CAM) are listed in the CAM section of this change. Changes within sections are indicated by a vertical bar. 5. DISPOSITION OF TRANSMITTAL. Retain this transmittal until superseded by a new basic order. 6. PAGE CONTROL CHART. See the page control chart attachment. tf ,<*. ^^^Nancy B. Kalinowski Vice President, System Operations Services Air Traffic Organization Date: y-/-<3? Distribution: ZAT-734, ZAT-4S4 Initiated by: AJR-0 Vice President, System Operations Services 5/7/09 JO 7340.2 CHG 3 PAGE CONTROL CHART REMOVE PAGES DATED INSERT PAGES DATED CAM−1−1 through CAM−1−3 . 1/15/09 CAM−1−1 through CAM−1−3 . 5/7/09 1−1−1 . 6/5/08 1−1−1 . 5/7/09 3−1−15 . 6/5/08 3−1−15 . 6/5/08 3−1−16 . 6/5/08 3−1−16 . 5/7/09 3−1−19 . 6/5/08 3−1−19 . 6/5/08 3−1−20 .
    [Show full text]
  • Prospects of Air Traffic Management in South Eastern Europe
    S. Steiner, T. Mihetec, A. Božičević: Prospects of Air Traffic Management in South Eastern Europe SANJA STEINER, Ph.D. Traffic Planning E-mail: [email protected] Review TOMISLAV MIHETEC, Ph.D. candidate Accepted: Sep. 8, 2009 E-mail: [email protected] Approved: July 5, 2010 ANA BOŽIČEVIĆ, Ph.D. candidate E-mail: [email protected] University of Zagreb, Faculty of Transport & Traffic Sciences Vukelićeva 4, Zagreb, Croatia PROSPECTS OF AIR TRAFFIC MANAGEMENT IN SOUTH EASTERN EUROPE ABSTRACT 1. INTRODUCTION In the forthcoming period the European air traffic The regulatory environment of the aviation industry management will handle double flight operations than has significantly changed over the last two decades. today – from 1.7 to 2.1 higher traffic level in 2025 than The origins of these changes lie in the aviation indus- in 2005 [1]. The problem of the European airspace try liberalization. The 1978 United States Deregulation fragmentation should be solved by the comprehensive Act was the most important event in the worldwide avi- dynamic harmonization programs, which can contrib- ation market, changing the face of civil aviation in the ute to effective increase of airspace capacity and in- United States. The required permission for airlines to crease of air transport efficiency. The main objective serve any given route was dismantled with the Deregu- of the development strategy refers to the implemen- lation Act. As it followed, Europe launched its three Lib- tation of reformation processes of the European air eralisation Aviation Packages during last two decades, 1 traffic management system through functional ATM gradually liberalised the aviation market of the mem- regionalization.
    [Show full text]
  • Group ROW by State of Administration
    Prior compliance list of aircraft operators specifying the administering Member State for each aircraft operator – June 2013 Inclusion in the prior compliance list allows aircraft operators to know which Member State will most likely be their administering Member State in a close future so they can get in contact with the competent authority of that Member State to discuss the requirements and the next steps. Due to a number of reasons, and especially because a number of aircraft operators use services of management companies, some of those operators have not been identified in the latest update of the EEA- wide list of aircraft operators adopted on 29 January 2013. The present version of the prior compliance list includes those aircraft operators, which have submitted their fleet lists between 9 December 2012 and January 2013. It also preliminary informs aircraft operators which may be affected by the accession of Croatia to the EU i.e Croatia may become their administering Member State. BELGIUM CRCO Identification no. Operator Name State of the Operator 123 Abelag Aviation BELGIUM 31102 ACT AIRLINES TURKEY 7649 AIRBORNE EXPRESS UNITED STATES 33612 ALLIED AIR LIMITED NIGERIA 30020 AVIASTAR-TU CO. RUSSIAN FEDERATION 31416 AVIA TRAFFIC COMPANY RUSSIAN FEDERATION 908 BRUSSELS AIRLINES BELGIUM 25996 CAIRO AVIATION EGYPT 4369 CAL CARGO AIRLINES ISRAEL 29517 CAPITAL AVTN SRVCS NETHERLANDS f11336 CORPORATE WINGS LLC UNITED STATES 32909 CRESAIR INC UNITED STATES 32432 EGYPTAIR CARGO EGYPT f12977 EXCELLENT INVESTMENT UNITED STATES LLC f11102
    [Show full text]
  • FAAO JO 7340.2 CHG 3 Package
    U.S. DEPARTMENT OF TRANSPORTATION CHANGE FEDERAL AVIATION ADMINISTRATION JO 7340.2 CHG 3 SUBJ: CONTRACTIONS 1. PURPOSE. This change transmits revised pages to Order JO 7340.2, Contractions. 2. DISTRIBUTION. This change is distributed to select offices in Washington and regional headquarters, the William J. Hughes Technical Center, and the Mike Monroney Aeronautical Center; to all air traffic field offices and field facilities; to all airway facilities field offices; to all intemational aviation field offices, airport district offices, and flight standards district offices; and to interested aviation public. 3. EFFECTIVE DATE. May 7, 2009. 4. EXPLANATION OF CHANGES. Cancellations, additions, and modifications (CAM) are listed in the CAM section of this change. Changes within sections are indicated by a vertical bar. 5. DISPOSITION OF TRANSMITTAL. Retain this transmittal until superseded by a new basic order. 6. PAGE CONTROL CHART. See the page control chart attachment. tf ,<*. ^^^Nancy B. Kalinowski Vice President, System Operations Services Air Traffic Organization Date: y-/-<3? Distribution: ZAT-734, ZAT-4S4 Initiated by: AJR-0 Vice President, System Operations Services 5/7/09 JO 7340.2 CHG 3 PAGE CONTROL CHART REMOVE PAGES DATED INSERT PAGES DATED CAM−1−1 through CAM−1−3 . 1/15/09 CAM−1−1 through CAM−1−3 . 5/7/09 1−1−1 . 6/5/08 1−1−1 . 5/7/09 3−1−15 . 6/5/08 3−1−15 . 6/5/08 3−1−16 . 6/5/08 3−1−16 . 5/7/09 3−1−19 . 6/5/08 3−1−19 . 6/5/08 3−1−20 .
    [Show full text]
  • Use CTL/F to Search for INACTIVE Airlines on This Page - Airlinehistory.Co.Uk
    The World's Airlines Use CTL/F to search for INACTIVE airlines on this page - airlinehistory.co.uk site search by freefind search Airline 1Time (1 Time) Dates Country A&A Holding 2004 - 2012 South_Africa A.T. & T (Aircraft Transport & Travel) 1981* - 1983 USA A.V. Roe 1919* - 1920 UK A/S Aero 1919 - 1920 UK A2B 1920 - 1920* Norway AAA Air Enterprises 2005 - 2006 UK AAC (African Air Carriers) 1979* - 1987 USA AAC (African Air Charter) 1983*- 1984 South_Africa AAI (Alaska Aeronautical Industries) 1976 - 1988 Zaire AAR Airlines 1954 - 1987 USA Aaron Airlines 1998* - 2005* Ukraine AAS (Atlantic Aviation Services) **** - **** Australia AB Airlines 2005* - 2006 Liberia ABA Air 1996 - 1999 UK AbaBeel Aviation 1996 - 2004 Czech_Republic Abaroa Airlines (Aerolineas Abaroa) 2004 - 2008 Sudan Abavia 1960^ - 1972 Bolivia Abbe Air Cargo 1996* - 2004 Georgia ABC Air Hungary 2001 - 2003 USA A-B-C Airlines 2005 - 2012 Hungary Aberdeen Airways 1965* - 1966 USA Aberdeen London Express 1989 - 1992 UK Aboriginal Air Services 1994 - 1995* UK Absaroka Airways 2000* - 2006 Australia ACA (Ancargo Air) 1994^ - 2012* USA AccessAir 2000 - 2000 Angola ACE (Aryan Cargo Express) 1999 - 2001 USA Ace Air Cargo Express 2010 - 2010 India Ace Air Cargo Express 1976 - 1982 USA ACE Freighters (Aviation Charter Enterprises) 1982 - 1989 USA ACE Scotland 1964 - 1966 UK ACE Transvalair (Air Charter Express & Air Executive) 1966 - 1966 UK ACEF Cargo 1984 - 1994 France ACES (Aerolineas Centrales de Colombia) 1998 - 2004* Portugal ACG (Air Cargo Germany) 1972 - 2003 Colombia ACI
    [Show full text]
  • Commission Regulation (EC)
    Status: This is the original version (as it was originally adopted). Commission Regulation (EC) No 748/2009 of 5 August 2009 on the list of aircraft operators which performed an aviation activity listed in Annex I to Directive 2003/87/EC on or after 1 January 2006 specifying the administering Member State for each aircraft operator (Text with EEA relevance) COMMISSION REGULATION (EC) No 748/2009 of 5 August 2009 on the list of aircraft operators which performed an aviation activity listed in Annex I to Directive 2003/87/EC on or after 1 January 2006 specifying the administering Member State for each aircraft operator (Text with EEA relevance) THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, Having regard to Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a scheme for greenhouse gas emission allowance trading within the Community and amending Council Directive 96/61/EC(1), and in particular Article 18a(3) (a) thereof, Whereas: (1) Directive 2003/87/EC, as amended by Directive 2008/101/EC(2), includes aviation activities within the scheme for greenhouse gas emission allowance trading within the Community (hereinafter the ‘Community scheme’). (2) In order to reduce the administrative burden on aircraft operators, Directive 2003/87/ EC provides for one Member State to be responsible for each aircraft operator. Article 18a(1) and (2) of Directive 2003/87/EC contains the provisions governing the assignment of each aircraft operator to its administering Member State. The list of aircraft operators and their administering Member States (hereinafter ‘the list’) should ensure that each operator knows which Member State it will be regulated by and that Member States are clear on which operators they should regulate.
    [Show full text]
  • Group ROW by State of Administration
    BELGIUM CRCO Identification no. Operator Name State of the Operator 46463 ACE BELGIUM FREIGHTERS BELGIUM S.A. 31102 ACT AIRLINES TURKEY 38484 AEROTRANSCARGO MOLDOVA, REPUBLIC OF 41049 AHS AIR INT PAKISTAN 7649 AIRBORNE EXPRESS UNITED STATES 33612 ALLIED AIR LIMITED NIGERIA 27011 ASL AIRLINES BELGIUM BELGIUM 31416 AVIA TRAFFIC COMPANY TAJIKISTAN 30020 AVIASTAR-TU CO. RUSSIAN FEDERATION 123 Abelag Aviation NV BELGIUM 908 BRUSSELS AIRLINES BELGIUM 25996 CAIRO AVIATION EGYPT 4369 CAL CARGO AIRLINES ISRAEL 29517 CAPITAL AVTN SRVCS NETHERLANDS f11336 CORPORATE WINGS LLC UNITED STATES 32909 CRESAIR UNITED STATES 32432 EGYPTAIR CARGO EGYPT f12977 EXCELLENT INVESTMENT UNITED STATES LLC 32486 FAYARD ENTERPRISES UNITED STATES f11102 FedEx Express Corporate UNITED STATES Aviation 13457 Flying Partners CVBA BELGIUM 29427 Flying Service N.V. BELGIUM 24578 GAFI GENERAL AVIAT MAURITIUS f12983 GREEN DIESEL LLC UNITED STATES 29980 HAINAN AIRLINES (2) CHINA 23700 HEWA BORA AIRWAYS CONGO 28582 INTER WETAIL AG SWITZERLAND 9542 INTL PAPER CY UNITED STATES 27709 KALITTA AIR UNITED STATES 28087 LAS VEGAS CHARTER UNITED STATES 32303 MASTER TOP LINHAS BRAZIL 37066 MERIDIAN (AIRWAYS) BELGIUM 1084 MIL BELGIUM BELGIUM 31207 N604FJ LLC UNITED STATES f11462 N907WS AVIATION LLC UNITED STATES 26688 NEWELL RUBBERMAID UNITED STATES f10341 OfficeMax Inc UNITED STATES 31660 RIPPLEWOOD AVTN UNITED STATES 2344 SAUDIA SAUDI ARABIA 29222 SILVERBACK CARGO RWANDA 39079 SOLARIUS AVIATION UNITED STATES 35334 SONOCO PRODUCTS CO UNITED STATES BELGIUM 26784 SOUTHERN AIR UNITED STATES 38995 STANLEY BLACK&DECKER UNITED STATES 27769 Sea Air BELGIUM 34920 TRIDENT AVIATION SVC UNITED STATES 30011 TUI AIRLINES - JAF BELGIUM 27911 ULTIMATE ACFT SERVIC UNITED STATES 13603 VF CORP UNITED STATES 36269 VF INTERNATIONAL SWITZERLAND 37064 VIPER CLASSICS LTD UNITED KINGDOM f11467 WILSON & ASSOCIATES OF UNITED STATES DELAWARE LLC 37549 YILTAS GROUP TURKEY BULGARIA CRCO Identification no.
    [Show full text]
  • Commission Regulation (EU) No 115/2011 of 2 February 2011 Amending Regulation (EC) No 748/2009 on the List of Aircraft Operators
    Commission Regulation (EU) No 115/2011 of 2 February 2011 amending Regulation (EC) No... 1 Document Generated: 2020-12-23 Status: This is the original version (as it was originally adopted). ANNEX LIST OF AIRCRAFT OPERATORS WHICH PERFORMED AN AVIATION ACTIVITY LISTED IN ANNEX I TO DIRECTIVE 2003/87/EC ON OR AFTER 1 JANUARY 2006 SPECIFYING THE ADMINISTERING MEMBER STATE FOR EACH AIRCRAFT OPERATOR BELGIUM CRCO Identification No Operator Name State of the Operator 123 Abelag Aviation BELGIUM 7649 AIRBORNE EXPRESS UNITED STATES 33612 ALLIED AIR LIMITED NIGERIA 30020 AVIASTAR-TU CO. RUSSIAN FEDERATION 31416 AVIA TRAFFIC COMPANY RUSSIAN FEDERATION 35163 Buddy 4, LLC UNITED STATES 908 BRUSSELS AIRLINES BELGIUM 25996 CAIRO AVIATION EGYPT 4369 CAL CARGO AIRLINES ISRAEL 29517 CAPITAL AVTN SRVCS NETHERLANDS 36867 CLASSIC JET HERITAGE UNITED KINGDOM 36515 CONTRAIL AVIATION UNITED STATES f11336 CORPORATE WINGS LLC UNITED STATES 32909 CRESAIR INC UNITED STATES 985 EAT BELGIUM 32432 EGYPTAIR CARGO EGYPT 36012 ENJOY AIR SWITZERLAND f11102 FedEx Express Corporate UNITED STATES Aviation f11256 Flying Partners CVBA BELGIUM 13457 Flying Service N.V. BELGIUM 32486 FAYARD ENTERPRISES UNITED STATES 24578 GAFI GENERAL AVIAT SWITZERLAND 32737 GREAT ALLIANCE UNITED KINGDOM WORLD 29980 HAINAN AIRLINES (2) CHINA 23700 HEWA BORA AIRWAYS CONGO 28582 INTER-WETALL SWITZERLAND 9542 INTL PAPER CY UNITED STATES 2 Commission Regulation (EU) No 115/2011 of 2 February 2011 amending Regulation (EC) No... Document Generated: 2020-12-23 Status: This is the original version (as
    [Show full text]
  • Commission Regulation (EU) 2018/336 of 8 March 2018 Amending Regulation (EC) No 748/2009 on 1 The
    Commission Regulation (EU) 2018/336 of 8 March 2018 amending Regulation (EC) No 748/2009 on 1 the... Document Generated: 2020-12-16 Status: This is the original version (as it was originally adopted). ANNEX BELGIUM CRCO Identification no. Operator Name State of the Operator 31102 ACT AIRLINES TURKEY 38484 AEROTRANSCARGO MOLDOVA, REPUBLIC OF 41049 AHS AIR INT PAKISTAN 7649 AIRBORNE EXPRESS UNITED STATES 33612 ALLIED AIR LIMITED NIGERIA 27011 ASL AIRLINES BELGIUM BELGIUM 31416 AVIA TRAFFIC COMPANY TAJIKISTAN 30020 AVIASTAR-TU CO. RUSSIAN FEDERATION 123 Abelag Aviation NV BELGIUM 908 BRUSSELS AIRLINES BELGIUM 25996 CAIRO AVIATION EGYPT 4369 CAL CARGO AIRLINES ISRAEL 29517 CAPITAL AVTN SRVCS NETHERLANDS f11336 CORPORATE WINGS LLC UNITED STATES 32909 CRESAIR UNITED STATES 32432 EGYPTAIR CARGO EGYPT f12977 EXCELLENT UNITED STATES INVESTMENT LLC 32486 FAYARD ENTERPRISES UNITED STATES f11102 FedEx Express Corporate UNITED STATES Aviation 13457 Flying Partners CVBA BELGIUM 29427 Flying Service N.V. BELGIUM 24578 GAFI GENERAL AVIAT MAURITIUS 32737 GREAT ALLIANCE LUXEMBOURG WORLD f12983 GREEN DIESEL LLC UNITED STATES 29980 HAINAN AIRLINES (2) CHINA 23700 HEWA BORA AIRWAYS CONGO 28582 INTER WETAIL AG SWITZERLAND 9542 INTL PAPER CY UNITED STATES 27709 KALITTA AIR UNITED STATES 2 Commission Regulation (EU) 2018/336 of 8 March 2018 amending Regulation (EC) No 748/2009 on the... Document Generated: 2020-12-16 Status: This is the original version (as it was originally adopted). 28087 LAS VEGAS CHARTER UNITED STATES 32303 MASTER TOP LINHAS BRAZIL 37066
    [Show full text]
  • Office for South East Europe European Commission - World Bank
    Office for South East Europe European Commission - World Bank The European Common Aviation Area and the Western Balkans: Domestic Reforms and Regional Integration in Air Transport (February 2007) Abstract: In June 2006 the EU and the countries of South East Europe signed an agreement on the establishment of a European Common Aviation Area (ECAA) by 2010. The ECAA will amount to a full extension of the EU-internal air transport market to the Western Balkans. It entails the complete liberalization of cross-border traffic among signatories, an adoption of the aviation-related acquis and comprehensive sector restructuring at the national level. It is expected to trigger rapid traffic growth, encourage foreign investment in the sector and act as an important catalyst for broader regional integration. To reap those benefits, however, the countries of the Western Balkans will have to implement an ambitious reform agenda in a short time-span. This note reviews the status of sector development across the region, the provisions of the ECAA and the reform implications for governments and donors. The annexes contain country-specific information on air transport and a summary of the aviation acquis. Daniel Müller-Jentsch 1 EC-WB Office for South East Europe The Air Transport Market in the Western Balkans Across the Western Balkans, air traffic is growing rapidly from a low base. The sector was reduced to a shadow of its former self after the break-up of Yugoslavia, a series of armed conflicts and the economic turbulences of the past decade. In the early 1990s the Yugoslav airline JAT alone was carrying 5 million passengers annually.
    [Show full text]