Translation of "Raffermir la confiance des milieux d'affaires " (French → English) :

to create confidence in the business community

39. Encourages the Serbian authorities to strengthen tax collection and to conduct a responsible fiscal policy; stresses that wide-ranging structural reforms should support fiscal consolidation and encourages the government, therefore, to undertake overdue structural economic reforms, such as the Law on Planning and Construction, so as to improve the investment and business climate, further support the proliferation of small and medium-sized enterprises, combat the high level of unemployment and poverty, especially in regions predominantly populated with national minorities, and carry out a pension reform in order to introduce a sustainable pension system; insists on the urgent need to abolish administrative barriers to business and point ...[+++]s to the importance of swift restructuring of public companies in order to reduce the losses and the state’s presence in the economy; calls, to this end, on the Serbian authorities to promote a fully functioning market economy, build a strong tax base and elaborate a poverty strategy as key elements in making Serbia’s accession to the EU viable; urges the Serbian authorities to consult civil society and the business community and to include them in working groups on the drafting of new legislation; urges the Serbian authorities to restore business confidence through regulatory and legal reform; notes that the successful introduction and implementation of structural economic reforms will help to ease the high level of migration;

These two moves in quick succession allowed for a recovery of financial markets and shored up business confidence so that once the negative effects of the US slowdown on exports and production faded, business confidence recovered, as evidenced by the rebound of the German IFO index.

The Commission's key goals remain to enhance consumer and business confidence in the internal market through a high common level of consumer protection and the elimination of internal market barriers and regulatory simplification [9].

The Commissioner emphasised that economic recovery will clearly be sustained only after a minimum of political stability and openness have created confidence in business circles.