Division Economic criteria

Implement a stability-oriented fiscal policy, including a public sector wage policy, which aims at fiscal consolidation and is conducive to low inflation and external sustainability.

Continue reforms of public finance management in order to strengthen control, transparency, accountability and efficiency.

Pursue a monetary policy conducive to the objective of price stability to reduce and anchor inflation expectations.

Improve bankruptcy procedures in order to speed up market exit of unviable enterprises and to foster structural change.

Complete the liberalisation of remaining administered prices with the view of improving the efficiency of market mechanisms and resource allocation.

Further strengthen financial supervision to help ensure stability of the financial sector.

Further develop and implement the reform of the pension system and continue the reform of the health insurance system and accelerate the restructuring and privatisation of the insurance sector.

Continue efforts to formalise the grey economy and implement a public expenditure management system and tax reforms.

Develop a stable and functioning land/real estate market and prepare cadastre legislation.

Continue efforts to promote employment, including by means of vocational training and labour market reforms, improve public employment services and implement the strategy on employment of people with disabilities.