Institutional Harmonisation And Developing Markets In The Central Balkans Cover Image

Institucionalna harmonizacija tržišta u razvoju na centralnom Balkanu
Institutional Harmonisation And Developing Markets In The Central Balkans

Author(s): Nada Vignjević-Đorđević
Subject(s): Economy
Published by: Универзитет у Нишу
Keywords: government; law; foreign investments; regulation; banking sector; finance system

Summary/Abstract: Serbia has conducted numerous reforms since 2001. In order to achieve macroeconomic stability and sustainable economic growth, large economic entities have undergone the process of restructuring; numerous companies have been privatized; and negotiations for European Union accession have begun. A similar situation exists in the Balkans region. A number of activities and measures have been conducted to improve business environment, attract foreign and domestic investments, enable accelerated growth and the development of the real sector, enhance the level of competitiveness and productivity, and decrease unemployment. The reform of the financial system plays a significant role in the overall reform process. Thus, it is necessary to create a new regulatory framework based on European Union directives that provides a considerable level of security and protection for all participants in the financial market. This would create a fertile ground for modern trading and the implementation of new instruments in the national and international markets. A set of laws and bylaws enacted provide modern financial market functioning, stability, and development.

  • Issue Year: 2010
  • Issue No: 3
  • Page Range: 291-298
  • Page Count: 8
  • Language: English