Existing regulations have to be checked continuously in terms of their adequacy, and adaptations have to be introduced as timely as possible, while paying due attention to social needs. In particular, it is important that the current economic expansion should be used to enhance the fiscal consolidation. … How does this experience translate to countries in transition?
The rebalancing of public enterprises is not dramatic but the entry and threat of the private sector and a diversified ownership of public enterprises through partial disinvestment have meant a change in both the operating environment and internal business culture of these enterprises – which, until recently, had employed and retained the largest pool of the best and the brightest.