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Pavle Petrovic, full member of the Serbian Academy of Sciences & Arts (SANU)

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H.E. Jan Bondy, Czech Ambassador to Serbia

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Soufiane Adjali, UNHCR Representative in the Republic of Serbia

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Ana Petrovic, Director of the Science Festival in Belgrade

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News

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The European Investment Bank (EIB Global) has appointed Damien Sorrell as the new Head of the Regional Hub for...

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MFIC Highlights Modest Gains in Montenegro’s Business Climate with 2024 Recommendations

The Montenegrin Foreign Investors Council (MFIC) has released its White Book - Investment Climate in Montenegro 2024, highlighting a...

Antonis Semelides, MFIC Bod Member, CEO of Jugopetrol AD

Four Ways to Increase Transparency

Jugopetrol being one of the biggest companies in the country with large interaction with the State Administration, can contribute a lot to the aims of MFIC

One of the areas in which Jugopetrol AD (JSC) can contribute the most to the MFIC White book is related to the issuance of construction permits, as we have extensive experience in the construction of petrol stations and other installations. This can be a very complex issue, and involves many stages before reaching a successful conclusion. It starts with the issue of possessing a valid and approved DUP (detailed urban plan) for the area to be developed, and to verify what kind of development is permitted on particular plots.

Then there are issues concerning ownership of the plot, with plots sometimes bordering urban plots do not coincide with the borders of the cadastral plot (ownership plot), or part of a plot (which can be very small) belonging to somebody else. Another possible problem can arise relating to any mortgages that might burden a particular plot. Other issues can arise due to restricted construction lines within a plot, as well as limited building coefficients. Once these issues are resolved, a detailed design progress commences, based on regulations applicable specifically to the development in question. In some cases these regulations are not yet harmonised with the latest European guidelines. Once the detailed design is completed, it must undergo revision by a company approved by the state, and then submitted to the state to await issuance of the construction permit. Once consent is given by various state institutions and utility providers, the construction permit will be issued.

Another important issue Jugopetrol can contribute with is tax audit. Over the last few years we were subject of various inspections and our accumulated experience can be utilized by other Companies facing chalenges in this area. Focus needs to be given in shortening the audit duration, especially in concluding cases in which there are objections and appeals on the part of tax payer that are accepted by the second instance bodies (Ministry of Finance).

We can provide positive contribution to the areas of construction permits, tax audits, customs controls, and fuels consumption statistics

Customs authorities are responsible for verifying and collecting excise duty applicable to fuel sales. Excise duties contribute a very substantial sum to the national budget every year. The Customs department is also responsible for verifying volumes and prices of fuels subjected to VAT charges.

The necessary controls and checks should always be improved, continually strengthened and streamlined, in order for the State to be able to guarantee absolutely that there is not lost income. The aim should be to harmonise with EU regulations and practises. International petroleum companies with a presence in other European countries can share experiences and provide consultation to the Customs department.

Various State Agencies are responsible for providing statistical information regarding the sales and distribution of fuels within the country. For this purpose, each petroleum products seller/trader is asked to report its sales to the agency annually.

The aim is to provide an accurate picture of the volume of petroleum products sold/distributed in the country. Each petroleum products seller/trader reports its total sales volumes, though it is not adequate to merely report total sales, as substantial cross-selling occurs between petroleum trading companies, which creates doublecounting.

The Agencies may more frequently (i.e. quarterly) request that all petroleum products sellers/traders report their sales, but also separately according to specific sales channels, i.e. (a) Retail sales (directly to vehicles at petrol stations); (b) Sales to other petroleum products sellers/ traders (e.g. Petrol Company A sells to Petrol Company B); (c) Sales to other customers (commercial, industrial, offices, hotels etc.) who are final customers, i.e. the fuel is for the their own use.