Deputy Prime Minister and Finance Minister, Mr. Igor Lukšić, PhD, took part in the Regional Conference on Business Environment Reforms in Southeast Europe

Improving business conditions is not and should not be an isolated objective of economic policy makers. In the short run, countries devoting greater attention than others may realize some benefits, but already in medium and long term timely coordinated efforts of the regional countries aimed at creating conditions for easier operation, make the total region both more competitive and visible in the market. Only then real benefits for citizens of our counties may be achieved. It would seem unusual today to neglect the chronology and causes of the crisis. It seems to me that the word "crisis" in the speeches of Ministers of Finance has almost become slang and it is still difficult, after a very uncertain year, to find the right answer. Is the crisis caused by the collapse of the market or is it that a reckless economic policies that were previously implemented? Or our national plans determined by global financial and economic trends. It is a question that the later economic history will be able to answer, if having previous experience in mind could be subject to a basic consensus. However, I believe that the key challenges for recovering from the long-term consequences of the crisis will be to strive business environment and to use further efforts aimed at establishing the free trade system, i.e. free trade exchange. The affirmation of facilitated operations principle in time of economic crisis suggests that institutional economy elements are gradually becoming a part of mainstream economy, which only ten years ago was unthinkable for many...