Division Economic criteria

Strengthen macroeconomic stability by continuing fiscal adjustment and consolidation to further reduce external imbalances.

Increase efficiency of government expenditure, notably by improving the budgetary process and financial management at central and local government level. Increase capacity for budget preparation and execution to enable prioritisation.

Ensure a more flexible labour market through a gradual liberalisation.

Strengthen the business environment to promote the development of the private sector and employment. In particular streamline judicial procedures in commercial matters, especially for bankruptcy cases.

Design and start applying an integrated research policy to support research and development activities.