Sitemap

Foreign Investors Council Presents the White Book 2018

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 2018 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 FIC President Yana Mikhailova, followed by insight into FIC Index 2018 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, which has secured stability but is not enough to reach the set goal – fully sustainable and competitive business climate; the strong economy which can match developed markets; and high standard of living. Serbia needs to speed up the reforms and accelerate accession negotiations in order to catch up with the EU level of economic development. 3 key FIC expectations from the Government are to achieve sustainable fiscal consolidation (structural reforms, especially privatization and corporatization of state-owned enterprises), improve law implementation, especially in tax area (strengthening tax administration) and provide more transparency in public consultations with focus on reforms in 8 priority topics: tax, labour, digitalization& e-commerce, real-estate, inspections, food safety, 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 October 2017 and October 2018, 4 top performers remain the same as last year: construction land and development; protection of users of financial services; transport; and tobacco industry regulations. Out of 8 priority topics of the FIC-Government White Book Task Force only real estate and inspection control made notable progress. Digitalization, bankruptcy, and foreign exchange regulations mark moderate progress, while key areas like tax, labour, and food safety lack progress.

In the active panel discussion on ways to improve the business environment in Serbia, opinions were exchanged between Prime Minister Ana Brnabić, Deputy Prime Minister and Minister of Construction, Transport and Infrastructure Zorana Mihajlović and Minister of Finance Siniša Mali, as well as FIC President and Regional Director of Nestlé Adriatic Yana Mikhailova, FIC Vice President and CEO of Vip Mobile and A1 Slovenia, member of A1 Telekom Austria and FIC Vice President and Regional Property & Expansion Manager IKEA South East Europe Vladislav Lalić.

This year, FIC proudly introduced several novelties: publishing of “The White Book Essentials” – brochure which presents main conclusions of this year’s publication, “FIC Index”, and 8 priority areas for Serbia’s future economic development. ‘’FIC Index’’ is a new term for ranking of the progress in the implementation of White Book recommendations in all areas of the business climate, which is the result of the new methodology presented for the first time in last year’s edition. Moreover, in order to fully embrace the era of digitalization, but also to be environment-friendly, FIC opted against printing the White Book publication which is available for free download on the FIC website (www.fic.org.rs).

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...

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...

UNMIK: Support For EU-Sponsored Dialogue

Serbian Prime Minister Ana Brnabić spoke with newly appointed special representative and head of the United Nations Interim Administration Mission in Kosovo (UNMIK) Karolina...

MMF: Serbia Has Managed The Crisis Well

Serbian Minister of Finance Siniša Mali held a final meeting with a mission of the International Monetary Fund (IMF) led by Jan Kees Martijn,...