In order to receive the next tranches of bailout money, due by March, conditions that are to be met include:
- passage of the tax reform bill through Parliament
- an increase in electricity rates.
European authorities are worried however that legal interventions might hamper some of the measures, as in the case of the special property tax paid via electricity bills, which would demand the introduction of other measures to fill the gap. Other possible obstacles to the program include political instability, a greater-than-forecast recession and the insufficient implementation of reforms in areas which would involve a clash with vested interests.
More details are here: Timetable of prior actions for next tranches is set out