EU Economy and Finance Ministers Council and the Finance Ministers of candidate and potential candidate countries adopted on 12 May 2015 recommendations aiming to increase the competitiveness and long term growth in Turkey and Western Balkan countries. The recommendations are based on individual economic reform programmes which countries developed following the Commission’s request. The three-year programme focuses on macroeconomic and fiscal framework and on structural reforms especially in physical infrastructure, education and employment, industrial structures, business environment and trade integration. The recommendations specifically addressed to Turkey are as follows: promoting domestic savings, ensuring price stability, improving the business environment to attract investments, and accelerating structural reforms. These recommendations are aimed at strengthening these countries’ respective capacities in order for them to meet their obligations within the framework of the EU macroeconomic surveillance, the “European Semester”.

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Joint Conclusions of the Economic and Financial Dialogue between the EU and the Western Balkans and Turkey