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New Finance Minister to Start Economic Reforms in Macedonia

Finance | June 9, 2017, Friday @ 15:37| 219 views

Photo: MIA

Finance Minister Dragan Tevdovski said that Macedonia will begin a process of economic reforms coordinated with the European Commission, while EU and OECD representatives called on the new Government to stay the course in attracting foreign investment and reduce the focus on infrastructure development.

"In the first week of changes we already have an event which kicks off the process of planning reforms in the period of 2018 - 2020. We have positive signals from the European Commission and it is so important for us to have the support of a strategic partner such as the EU, because the new reformist Government has an enormous burden of reforms ahead of it", Tevdovski said at the opening of the fourth cycle of the Program for economic reforms.

Tevdovski said that, if there weren't for the EU guidance, Balkan countries often take steps which are not in the interest of the majority of citizens.

"This is why I recommend a stronger focus on the policies of social cohesion, within the reform process. This is the fourth time Macedonia has gone through this process, and we need to implement the lessons learnt and to improve the places which we may have been our weaker points in the past", Tevdovski added.

William Neale, from the EU Directorate-General for Neighborhood and Enlargement Negotiations said that the new Government should focus on regulatory reform and less on public infrastructure investment. Marzena Kisielewska from the OECD added that the success of the new Government in Macedonia will not be measured in the programs that will be prepared but in the events on the ground. She said that criteria need to be made to bring investments that would add value, and that overall this policy needs to remain consistent.



Tags: Finance Minister, Macedonia, Dragan Tevdovski, EU, Directorate-General


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