The principle of transparency based on the requirements for notification, constant monitoring and submission of annual reports to the EC as well as existence and regular updating of a state aid register is of paramount importance for the candidate countries that are expected to establish control over the process of granting state aid. Key priorities for the state aid policy of Macedonia should be enforcement of the legislative framework and development of market culture for the general public. Therefore, there is need to raise awareness about this instrument, to increase transparency for the granted state aid and to facilitate discussion on how to spend limited state finance in the most rational manner. Conversely, the consequences from the incorrect or partial application of state aid rules are far fledged and significant. In case it is well designed and targeted, state aid may serve as a good instrument for supporting economic growth within the mix of economic policies. In addition, there is lack of analysis for the best practices and experience of the NMS for implementing state aid. The level of state aid is inmmensurable lower than the average of the 10 NMS in the period before the EU accession. There is lack of consistency in granting state aid. Within the last five years, the largest portion of the state aid is granted for TIDZ as regional aid. Furthermore, no cost-benefit analysis is being carried out before making a decision to grant aid. The background analysis for this policy paper clearly demonstrates that most frequently state aid is granted ad hoc. The insufficient institutional and administrative capacity as well as the inadequate financial resources the absence of awareness, knowledge and understanding of the state aid instrument for the state aid providers, companies and the general public conjoined with the lack of political will, directs to the conclusion that the reform of state aid policy in the country is not a top priority. Notwithstanding the fact that the legislative and institutional framework on state aid is already in place, the credible enforcement of the legislation represents one of the main challenges for the state aid reform in Macedonia.
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