Fic rEcommEndationS - Eurobank EFG

INVESTMENT AND
BUSINESS CLIMATE
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Recommendations:
Sustainable economic development will continue to depend greatly
on foreign resources inflow. The decrease in resources inflow, resulting
from privatization, requires creation of stimulating climate for growth in
greenfield investments. The process of Serbia legislation harmonization
with EU regulations, and upgrading of legal security for business
operation and investments, must be quickened.
Regulation of property rights, especially in relation to building land and
facilities construction.
Introduction of competition on the market for infrastructural and utility
sector and starting of privatization process (partial or full) for public enterprises
operating in this sector.
Creation of conditions for market competition in a regulated market, by
providing equal rights for all competitors, and proper regulation of monopolies.
Reform of educational system in Serbia and its harmonization with requirements
of the economy.
Stimulation of applied sciences development through appropriate financial
support and more intense relationships with R&D institutions from
abroad.
For an even development it is necessary to achieve higher efficiency of local
self-managed community in building of regional infrastructure, which
is important for attracting investors.
It is expected that the Government of the Republic of Serbia will continue
to simplify its legislation by applying the Comprehensive Regulatory
reform. This method has already been successfully used in other countries
and it aims to increase competitiveness by decreasing administrative
barriers for business activities.
Increase transparency and create an orderly procedure in which these
fees and taxes are introduced.
Prepare and enact a legislative act at the central government level maximizing
amounts of fees to be charged by local authorities.
Abolishment of all unnecessary barriers to business such as tax for protection
and usage of woods and tax for usage of waters which are set as
general obligations for all legal entities regardless of the area of business
in which they operate.
Amend the Decree on Amount of Fee for Use of Cadastral Registry Data
and Provision of Services by the Cadastral Registry in a manner to set fixed
fees for services provided by the Cadastral Registry which reflect actual
cost of the service provided.
Clearly define criteria for determining environmental fees for the use of
natural resources by local self-government.
Introduced
in the WB:
Significant
progress
Certain
progress
2008 √
2008 √
No
progress
2008 √
2008 √
2008 √
2008 √
2008 √
2008 √
2010 √
2010 √
2010 √
2010 √
2010 √
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