MACEDONIA LEADER OF CADASTRE REFORMS IN THE BALKANS
Macedonia's Project for Real Estate Cadastre and Registration is one of the 12 winners of World Bank competition "Improving the Lives of People in Europe and Central Asia".
The 98-percent coverage of the country's territory with cadastre registration, double increase in the number of real estate transactions, their registration in only five days, as well as 70-percent reduction of prices of cadastre services are the project's main benefits.
"Macedonia is considered leader in the Western Balkans regarding cadastre reforms", said World Bank Country Manager Markus Repnik, assessing the project as very successful.
Repnik emphasized the Government's leadership and institutional commitment as crucial in the implementation of envisaged reforms.
He said country coverage with cadastre registration was 43 percent five years ago, rising to the current 98, with 100 percent to be reached by the year-end.
"This is a confirmation that reforms pay off, and if implemented in a consistent and proper way, they yield results, so that institutions transform in 3-4 years, thus increasing their efficiency", said Vice Premier and Finance Minister Zoran Stavreski.
This year's World Bank contest included 282 projects from about 30 countries. When selecting the best, two criteria were taken into consideration - concrete results and innovation. The Macedonian project is the only winner from the Western Balkan region.
Moreover, FinMin Stavreski announced fresh World Bank support worth EUR 9 million for further cadastre modernization.