Sitemap

Foreign Investors Council Presented the White Book 2019

The US Embassy Celebrated Independence Day

The US national holiday, Independence Day, commemorating...

The EIB And Unicredit Promote Socially Inclusive Employment And Entrepreneurship

The European Investment Bank (EIB) and UniCredit...

Portonovi

Endless Summer Adventures And Relaxation On The Adriatic Coast

Portonovi Resort, a luxurious and unique destination...

Farewell Party In Honor Of Ambassador Of Belgium Koenraad Adam

Belgian Serbian Business Association hosted a Belgian...

UK: Lowest Car Sales Since 1996

Gathering economic headwinds are stoking fears of a recession after car sales dropped to the lowest level since 1996. UK...

In The New Report On Serbia GRECO Calls For Further Measures To Prevent Corruption

In a new report on Serbia, the Council of Europe’s Group of States against Corruption (GRECO) calls for further measures to...

China: Ready To Promote Global Development

The Forum on Global Development was held in Beijing, and on that occasion the President of the People's Republic...

Serbia And Hungary Sign Agreement On Border Control

The Agreement between the governments of Serbia and Hungary regulating border control in road, rail and water transport was...

Reception On The Occasion Of 140 Years Of Friendly Relations Between Japan And Serbia

Ambassador of Japan in Serbia H.E. Katsumata Takahiko hosted a reception in his residence to mark the 140th anniversary...

The Foreign Investors Council presented the White Book 2019 to the highest Government officials and stakeholder community. The White Book, written by FIC members, is the major product by which, for more than a decade, FIC gives recommendations aimed at supporting economic growth and better living standard of Serbian citizens.

The event was opened with an introductory address by Foreign Investors Council-FIC President Yana Mikhailova, followed by an insight into FIC Index 2019 by White Book Editor-in-Chief Miroljub Labus, as well as addresses by Head of EU Delegation in Serbia Sem Fabrizi and Prime Minister Ana Brnabić.

In her introductory speech, FIC President Yana Mikhailova noted that “in-between two White Books Serbia continues steady but moderate progress in reforms. On the positive note, this year we have 41% progress in partial implementation of White Book recommendations from 2018, which is higher than the average of 30-40% from 2011 when the White Book scorecard was first introduced. This year we achieved 7% better progress compared to last year and we welcome this achievement and hope that this positive trend will continue in months to come. Therefore we strongly recommend further acceleration of reforms with a joint goal to come as close as possible to 50% in the implementation of the White Book recommendations next year.
 
3 key FIC expectations from the Government are to continue and accelerate membership negotiations with EU as means to improve both business regulation and their implementation, work on sustainable fiscal consolidation (structural reforms, especially privatization and corporatization of state-owned enterprises) and improve law implementation, especially in tax area (strengthening tax administration) with focus on reforms in 9 priority topics: tax, labour, digitalization& e-commerce, real estate, inspections, food safety, pharmaceuticals and overall legal framework, with emphasis on regulations on bankruptcy and foreign exchange operations”, concluded Mikhailova.
 

 
According to “FIC Index”, which was published in the newest edition of the White Book, in the period between November 2018 and October 2019, 2 top performers remain the same as last year: tobacco and transport while this year we have 2 new: oil and gas and notary. However, there is still room for improvement in areas which FIC sees as priorities. Out of 9 priority topics of the FIC-Government White Book Task Force, digitalization, anti-illicit trade, bankruptcy and pharmaceuticals mark moderate progress, real-estate and tax mark some progress, while labour, forex and food safety lack progress.

In the active panel discussion on ways to improve the business environment in Serbia, opinions were exchanged between: Deputy Prime Minister and Minister of Construction, Transport and Infrastructure Zorana Mihajlović, Head of EU Delegation in Serbia Sem Fabrizi, Minister of Labour, Employment, Veteran and Social Policy Zoran Đorđević, as well as FIC President and Market Head – Nestlé South East MarketYana Mikhailova.

Related Articles

Metito To Secure Sustainable Solution For Water Supply Challenges In Zrenjanin

The Contract for realization of a water treatment project in Zrenjanin has been signed in the Government of the Republic of Serbia between the...

AmCham Serbia

Two Decades Of Leading The Change

‘Digital transformation, an agenda for an environmentally friendly and energy efficient Serbia, enhancement of the health service, and business integration through regional initiatives: these...

Zorana Mihajlović Ph.D., Serbian Deputy Prime Minister And Minister Of Mining & Energy

We Urge Responsible Business Conduct

If we want Serbia to have modern, green mining, we must have the highest standards in the field of environmental protection, and that’s something...

Aleksandar Ljubić, Executive Director Of The Foreign Investors Council Of Serbia

We’ve Yet To See The Full Benefit Of Digitalisation In The Insurance Sector

The Foreign Investors Council of Serbia has a multitude of ideas on how to continue the wave of digitalisation and render numerous financial sector...

French Companies Show Increased Interest In Investing In Serbia

The French Development Agency is showing increased interest in investing in Serbia, said H.E. Pierre Cochard the French ambassador to Belgrade, during talks with...

Oracle Opens Regional Center In Kragujevac

Commercial agreement was signed with the IT giant corporation Oracle which marked the opening of its first regional center in Southeast Europe. The contract was...

US Senators: Serbia Must Harmonise Policy With EU

US foreign policy committee senators Chris Murphy and Jeanne Shaheen and Senator Thom Tillis, stressed after talks with Serbian President Aleksandar Vučić that it...

US Wants Deeper Relations With Serbia At All Levels

Serbian Deputy Prime Minister and Minister of Mining and Energy Zorana Mihajlović spoke with US Ambassador Christopher Hill about economic relations between the two...