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EBRD report says business conditions in Eastern Europe continue to improve

ZAGREB, Nov 15 (Hina) - There are fewer business constraints oncompanies across Central and Eastern Europe and the former SovietUnion than at any time since the start of the transition process 15years ago, the European Bank for Reconstruction and Development (EBRD)says in its latest Transition Report.
ZAGREB, Nov 15 (Hina) - There are fewer business constraints on companies across Central and Eastern Europe and the former Soviet Union than at any time since the start of the transition process 15 years ago, the European Bank for Reconstruction and Development (EBRD) says in its latest Transition Report.

Growth in Southeast Europe is set to reach 4.8 per cent in 2005, supported by political stability and the prospect of EU accession for Bulgaria, Romania and Croatia. The region witnessed significant overall improvements in the business environment, but there was also a slowdown in the pace of reform, including a pre-accession pause in reform by the EU candidate countries, the report says.

One exception is Serbia and Montenegro, which underwent significant reforms, including in large-scale privatisation, trade liberalisation and institutional development.

The EBRD warns that the Western Balkans countries must move ahead with comprehensive reform agendas to promote investment, private entrepreneurship and trade.

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