Sitemap

Economy and donors support campaign to counter the shadow economy

CorD Recommends

Kushner Eyes Balkan Luxury Developments in Serbia and Albania

Jared Kushner, closely related to former U.S....

European Parliament Passes Groundbreaking AI Law

The European Parliament has adopted the Artificial...

European Parliament Members Endorse Western Balkan Reform and Growth Instrument

Members of the European Parliament's committees on...

US Leads Global Oil Production for the Sixth Consecutive Year

The United States has maintained its position...

Darko Lukić New Nelt Group CEO as of 1st July

With a synergy of organisational change, investment in digital transformation, and development of African markets, the Nelt Group continues...

EU Passes Landmark Media Freedom Law

The European Council has adopted a groundbreaking law aimed at safeguarding media freedom, pluralism, and editorial independence within the...

Scholz Champions Western Balkans’ Path to Membership

German Chancellor Olaf Scholz, in Slovenia, advocated for quickening the EU accession for the Western Balkans, underlining the importance...

Wiener Städtische Insurance company is the winner of Dobročinitelj (Benefactor) award

The company Wiener Städtische Insurance received the Dobročinitelj (Benefactor) award for socially responsible activities implemented during 2021, 2022 and...

CEB Grants €1.3 Billion Loans to Boost Social Sectors in 11 Countries

The Council of Europe Development Bank (CEB) has sanctioned loans totaling €1.3 billion for 11 member countries, including Serbia...

The Serbian Government’s Coordination Body tasked with directing activities on countering the shadow economy has held its first session at the Palace of Serbia, at which members discussed the implementing of priority measures of the National Programme to Counter the Shadow Economy, which will contribute to ensuring fair and stimulating conditions for doing business and employment.

Serbian Finance Minister Dusan Vujovic noted that the basic aim of the Serbian Government and the National Programme to Counter the Shadow Economy is to return at least a billion euros into legal channels in the next five years.

Speaking at the session, which was attended by representatives of more than 20 companies, relevant government institutions, delegations of the EU, USAID, GIZ and embassies, Minister Vujovic assessed that the systemic approach to the development of the National Programme had already yielded tangible results in the first half of the year, considering that plan for revenue collection had been exceeded by 80 billion dinars, almost half of which is attributed to results in efforts to reduce the grey zone.

Serbian Minister of State Administration and Local Self-Government, Ana Brnabic, insisted that the introduction of the Law on Inspection Oversight had contributed to the good results by influencing an increase in the number of newly-established enterprises by nearly 19 per cent compared to the period prior to this law’s application. She added that the key to further successes in the fight against the shadow economy would be next year’s implementation of software for networking inspections (e-inspector), with the adopted laws on taxes and charges.

Goran Pitic, presiding over the Alliance for Fair Competition – the NALED body that brings together the biggest socially responsible companies – pointed out that the campaign is essential because 84 per cent of citizens support the fight against the shadow economy, but fewer than 5 per cent participate.

Aleksandar Ruzevic, member of the NALED Managing Board and General Manager of Coca-Cola HBC, emphasised that experience shows that educational campaigns have a significant impact, which is why it is important that the economy and international organisations support the activities of the Serbian Government, which his company and other members of the Alliance for Fair Competition will do.

Related Articles

Minister Jovanović Earns Reformer of the Year for Leading Serbia’s Digital Overhaul

Mihailo Jovanović, Serbia's Minister of Information and Telecommunications, has been named Reformer of the Year by the National Alliance for Local Economic Development (NALED),...

From the Seized Tobacco, 7 Tons of the Highest Quality Organic Fertilizer Were Obtained

Over 5 tons of illegal cut tobacco, as much as 3.5 tons of leaf tobacco, 26,000 boxes of cigarettes, 12,000 boxes of roll-your-own cigarettes,...

Serbia Awards Distinctions to Notable Personalities on National Day

In a ceremonial tribute to Serbia's National Day, President Aleksandar Vučić presented awards to a host of esteemed individuals and entities, celebrating their significant...

Sao Tome and Principe and Serbia Eye Collaborative Growth

During a recent visit to Belgrade, Sao Tome and Principe's Prime Minister, Emeri Trovoada, emphasized the shared objectives and significant potential for collaboration between...

Construction Commences on BIO 4 Campus in Belgrade

In Belgrade, near the "Torlak" Institute for Virology, Vaccines, and Serums, the groundbreaking ceremony for the BIO 4 campus has commenced.  This unique multidisciplinary project...

Vlach Embroidery Recognised as Serbia’s Intangible Cultural Heritage

The National Committee for Intangible Cultural Heritage, on December 21st, added six new elements to Serbia's National Register of Intangible Cultural Heritage.  These additions include...

NALED: One of the First Open Innovation Projects in Serbia to Commence Soon

One of Serbia's first 'open innovation' projects is set to commence soon, offering scientific and research organizations a unique opportunity to participate. The initiative,...

Serbia Urged to Accelerate Reforms for EU Integration, as Praised by EU Ambassador

Emanuele Gioffre, the European Union's Ambassador to Serbia, has praised the latest European Commission report on Serbia, stating it accurately and fairly depicts Serbia's...