Division Economic criteria

Reduce the tax wedge on wages and improve incentive structures and flexibility in the labour market to increase the participation and employment rates, while securing tax resources by broadening the tax base and improving compliance, at a measured and prudent pace to ensure sustainable public finances.

Improve the education system with the aim of increasing the supply of sought-after skills, fostering employment and long-term economic growth.

Upgrade the country's infrastructure, in particular in energy and transport, in order to strengthen the competitiveness of the economy at large.

Speed up the privatisation of publicly owned enterprises to strengthen corporate governance and reduce quasi-fiscal losses.

Improve the business environment to increase greenfield foreign direct investment.

Establish effective procedures for detecting, dealing with and following up cases of (suspected) fraud and other irregularities affecting national and international funds.