Sitemap

Foreign Investors Council Presents White Book 2019

More...

Apatin Brewery Appealing For Responsible Alcohol Consumption

Within the ‘When I drink I don’t...

EU Awards One Million EUR In Grants For COVID Recovery In Tourism Sector

“#EUzaTebe – For Cultural Heritage and Tourism”...

Mlekoprodukt To Export To The EU And China Markets

The company Mlekoprodukt, which operates within the...

News

Agreement On Normalisation Of Economic Relations Between Belgrade And Pristina Signed

President of Serbia Aleksandar Vucic and Prime Minister of the Provisional Institutions of Kosovo Avdullah Hoti signed an Agreement...

Montenegro Election: First Projections Point To A Tight Race

In Montenegro, the ruling DPS was nearly neck-and-neck with its main rivals, according to early and incomplete projections of...

EU Awards One Million EUR In Grants For COVID Recovery In Tourism Sector

“#EUzaTebe – For Cultural Heritage and Tourism” project has awarded one million euros for 120 projects aimed at supporting...

UNDP And Embassy Of Slovakia Present Feasibility Study On Use Of Thermosolar Energy

The Mayor of Belgrade, Zoran Radojičić, met with the Ambassador of Slovakia to Serbia, H.E. Fedor Rosocha and Resident...

The EU Does Not Recognize Belarus Election Results

Members of the European Council held a video conference, at which they discussed the situation after the presidential elections...

The Foreign Investors Council has presented the White Book 2019 to the highest Government officials and stakeholder community

The White Book, written by members, is the major product by which, for more than a decade, FIC gives recommendations aimed at supporting economic growth and better living standards for Serbian citizens. The event was opened with an introductory address by FIC President Yana Mikhailova, followed by insight into FIC Index 2019 by White Book Editor-in-Chief Miroljub Labus, as well as addresses by the Head of the EU Delegation in Serbia H.E. Sem Fabrizi and Serbian 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 on reforms. On a positive note, this year we have 41% progress in the 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 the months to come. We therefore strongly recommend the further acceleration of reforms with the joint goal of coming as close as possible to 50% in implementation of the White Book recommendations next year.

Three key FIC expectations from the Government are to continue and accelerate membership negotiations with EU, as means of improving both business regulations and their implementation; work on sustainable fiscal consolidation (structural reforms, especially the privatisation and corporatisation of state-owned enterprises) and improvements in the implementation of the law, especially in the tax area (strengthening tax administration), with a focus on reforms in nine priority topics: tax, labour, digitalisation& e-commerce, real estate, inspections, food safety, pharmaceuticals and the overall legal framework, with an emphasis on regulations on bankruptcy and foreign exchange operations,” concluded Mikhailova.

According to the “FIC Index” published in the newest edition of the White Book, in the period between November 2018 and October 2019, the two top performers remain the same as last year: tobacco and transport, while this year we have two new: oil and gas and notary. However, there is still room for improvement in areas seen as priorities by the FIC. Of the nine priority topics of the FIC-Government White Book Task Force, digitalisation, 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 the EU Delegation in Serbia Sem Fabrizi, Minister of Labour, Employment, Veterans and Social Policy Zoran Đorđević, as well as FIC President and Market Head – Nestlé South East Market Yana Mikhailova.

Related Articles

What The Pandemic Has Taught Us

If the new reality that we've entered had to be summarised in a telegraph, its key words would be solidarity, putting people first, commitment...

Mike Michel, Foreign Investors Council President and CEO of Telenor Serbia

Mike Michel: A Shared Challenge Needs a Shared Response

It is now more important than ever for the FIC to unite its efforts with the Government in working on improvements to regulatory, legal...

Krstinja Šćepanović, HR Direction Executive Director, OTP Bank Serbia

We Grow Together

Even after the completion of the integration of Vojvođanska banka into OTP Group in 2021, we will continue to be dedicated to employees and...

Jorgovanka Tabaković, Governor of the National Bank of Serbia

We Were Ready For The Crisis

We will continue to use all monetary policy instruments in order to secure low and stable inflation in the medium term and to preserve...

Dragana Marković, Director of the Tax Administration of the Republic of Serbia

Continuation of Reforms is My Priority

At the Tax Administration we are concentrated fully on providing support in the best way to all measures of the Government of the Republic...

Dubravka Negre, Head of Regional Representation for the Western Balkans at the EIB

Support in Challenging Times

It will be of crucial important in the period ahead for Serbia to have further support for the private sector, in order to maintain...

Zoran Petrović, Raiffeisen Bank CEO

We Raise The Bar Even When It’s Tough

We've viewed digital transformation as an imperative for several years already, and have started intensive work and investments in a desire to respond to...

Dejan Turk, Vice President Substitute of the FIC and CEO of Vip mobile and A1 Slovenia

Strong Commitment to Reforms a Must

In the period ahead, Serbia will need to implement a wide-ranging set of structural and economic reforms that call for strong political consensus and...