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Short-term reform priorities identified by the countries provide the basis for the Agenda for Regional Action, an overview of main governance reform trends in the SEE region and recommendations for the successful implementation of reforms.
The report responds to the decision, taken by the Ministers from South East Europe (SEE) at the meeting in Vienna in July 2003, to place major emphasis on reviewing progress in the area of governance at their 2004 Ministerial meeting.
The report benefited from the discussions held during the Steering Group on Regulatory Governance, bringing together the views of the SEE country representatives, business, academia and international organisations present in the region.
The report also draws on recent information generated by the Stability Pact, EBRD, FIAS, OECD/SIGMA and the World Bank.Doing this effectively and efficiently is the major challenge in creating a new regulatory culture.The SEE countries are following the path taken by many OECD countries to enhance economic efficiency, innovation and competitiveness through regulatory reforms that reduce undue burdens on business, increase the transparency of regulatory regimes and support entrepreneurship and investment.We thank the following consultants for their contributions to the report: Albania, Elida Reci; Bosnia and Herzegovina, Boris Divjak; Bulgaria, Ivaylo Nikolov; Croatia, Boris Divjak; Macedonia, Zivko Dimov; Moldova, Igor Munteanu, Veaceslav Ionita; Romania, Romanian Center for Economic Policies, Alexandru Ene, Raluca Mitrea and Dragos Paslaru; Serbia, Slavica Penev and Montenegro, Petar lvanovic.Part II of this report has been prepared based on the Governance Action Plans drawn by the SEE governments.
SEE countries have made good progress across a broad front of regulatory governance issues, but they still need to address major challenges to improve the quality of the regulatory environment and to take the lead in creating an attractive environment for foreign and national investors in their region.