January 7 - First austerity package is approved by the government to restore fiscal discipline, reduce budgetary expenditures and increase revenues.
May 31 - Second austerity package approved by government raises value added tax, imposes an import surcharge and deregulates prices in an effort to increase state revenues.
September 16 - Law on Strategic Companies approved by parliament cancelling the not-for-sale status of state monopolies paving the way for their privatisation.
November 24 - New Law On Corporate Tax approved by parliament cutting the corporate tax rate to 29% from 40%.
20. Dec 1999 at 0:00