Fic rEcommEndationS - Eurobank EFG

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An important field such as real estate lease needs to be further elaborated by a law, not by-laws. The Law on Real Estate Lease must be harmonised with current real estate regulations. This in particular pertains to the possibility of inscribing an existing real estate lease in the public real estate registry, which must be clearly prescribed either by the law regulating real estate leasing or the Law on Cadastre and State Survey. The Mortgage Law should be changed completely, as it has too many omissions and uncertain provisions and is not in line with the new Law on Planning and Construction; Dialogue, communication and long-term cooperation should be established between the state, relevant ministries, local authorities and all other relevant institutions, and the FIC with its Real Estate Committee and other organisations dealing with real estate, with respect to strategic issues, with the goal of improving the real estate market in the best interest of all. 30 top �
LABOUR THE LABOUR RELATED REGULATIONS WHitE BooK BaLancE ScorE card � top Recommendations: We believe that additional decreases in labour expenses are necessary in order to boost the employment rate and reduce the so-called moonlighting. This can be accomplished through either further reductions of the income tax rate and the income amount exempt from taxation, or by a reduction in social security contributions. The temporary work permit should be extended to 3 years, the procedure for obtaining business visas and temporary residence permits should be less complicated and time consuming and the procedure for transfer of funds abroad by employed foreigners should be simplified. Complicated salary system is an additional investments barrier. We propose that work performance is not mandatory or monthly and that awards/bonuses are not additional salary category as they are really given for contributing performance. Free agreement of salary with the employees and motivating salary system are the basis of the labour market. We suggest that Article 120 of the Labour Law be amended by new items that will determine the right to use the company car and the right to reimbursement of housing costs, and also to amend Article 105 of the Labour Law which will determine that the benefits mentioned in Article 120 of the Labour Law are also not considered as salary. We suggest that salary compensation during absence due to sick leave, national holidays, annual leave, paid leave etc. is due in the amount of base salary (in fact: no less than the basic salary) increased by seniority. Employment related paperwork should be simplified by introducing electronic delivery of documents and electronic data bases and implementation of the electronic signatures rules. In relation to that paragraph 5 of Article 122 of the law should be deleted. In the case of professional inadequacy there should be no need to form a committee but the employer can evidence the reason for termination in another suitable manner. The dismissal period should not be longer than 15 days. The deadline for issuing the decision on annual leave should be reduced to 5 days prior to the commencement of annual leave and even less if the said decision is at employee's request and it should be possible to issue the decision on annual vacation electronically, as annual leave is often agreed upon on short notice, especially with management. Introduced in the WB: Significant progress Certain progress No progress 2007 √ 2007 √ 2009 √ 2010 √ 2008 √ 2008 √ 2007 √ 2007 √ 31
Page 1: Proposals Proposals for for improve
Page 4 and 5: Copyright Notice Copyright © 2011
Page 6 and 7: 6 top �
Page 8 and 9: FIC OVERVIEW Nine years ago, 14 maj
Page 10 and 11: ing safe and motivating work enviro
Page 12 and 13: Last year was marked by a very slow
Page 16 and 17: INFRASTRUCTURE TRANSPORT WHitE BooK
Page 18 and 19: ENERGY SECTOR WHitE BooK BaLancE Sc
Page 20 and 21: for consumption in 2011 amounts to
Page 22 and 23: was abandoned in May 2011 due to no
Page 24 and 25: REAL ESTATE AND CONSTRUCTION WHitE
Page 26 and 27: leased, but not according to curren
Page 28 and 29: construction The overall provisions
Page 32 and 33: The employment regulations should p
Page 34 and 35: The extended application of the GCA
Page 36 and 37: cial life. Persons with disabilitie
Page 38 and 39: The industry-wide collective agreem
Page 40 and 41: Fic rEcommEndationS Because the reg
Page 42 and 43: the Law on Vocational rehabilitatio
Page 44 and 45: ing to the Republic Institute for S
Page 48 and 49: COMPANY LAW WHitE BooK BaLancE Scor
Page 50 and 51: Address for Mail Receipt Unlike the
Page 52 and 53: price that would be paid to a disse
Page 54 and 55: CAPITAL MARKET TRENDS WHitE BooK Ba
Page 56 and 57: Investment restrictions for investm
Page 58 and 59: The Law on Public Notaries governs
Page 60 and 61: egulations and bylaws in that field
Page 62 and 63: initiating bankruptcy proceedings,
Page 64 and 65: arises - in which way would the sec
Page 66 and 67: pearance of an industrial or handic
Page 68 and 69: PROTECTION OF COMPETITION COMPETITI
Page 70 and 71: not be overlooked and the Commissio
Page 72 and 73: EmaininG iSSUES According to the EU
Page 74 and 75: CONSUMER PROTECTION AND PROTECTION
Page 76 and 77: PUBLIC PROCUREMENT WHitE BooK BaLan
Page 78 and 79: Introduction of the power of the Pu
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able for public discussion during t
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TRADE LAW WHitE BooK BaLancE ScorE
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The Ministry in charge for trade en
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Fic rEcommEndationS Continuous and
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of good practice, especially the la
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of liabilities and/or receivables.
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Russia; Belarus; EU (the Interim Ag
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ation), Authorised Economic Operato
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pliant with the WTO and EU rules an
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FOREIGN EXCHANGE OPERATIONS WHitE B
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The off-setting of the debts and re
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PREVENTION OF MONEY LAUNDERING AND
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Fic rEcommEndationS Adopt the neces
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is to be processed is identified or
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LAW ON DEFENCE cUrrEnt SitUation La
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TAX A. CORPORATE INCOME TAX WHitE B
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By-laws for determining arm’s len
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to Employees in State Bodies. Not o
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The VAT Law should be revised to en
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E. LATEST DEVELOPMENTS IN THE SERBI
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Regarding air protection, a regulat
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Support the foundation of new and d
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FOOD AND AGRICULTURE This chapter p
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protection, which is the prime cons
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4. REGISTRATION PROCESS OF PLANT PR
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5. QUALITY STANDARDS IN MILk AND JU
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Content of the labels (declaration
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food safety, it is important to pro
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The Law on Advertising adopted in 2
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Obligatory priority of social compo
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PRIVATE SECURITY INDUSTRY WHitE Boo
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The GOAL of Law adoption is legisla
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The amendment to the Law on Financi
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HOMECARE PRODUCTS AND COSMETICS IND
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the harmonisation with the EU legis
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laws of interest for the chemical a
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DELOITTE d.o.o. Terazije 8 11000 Be
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NAFTNA INDUSTRIJA SRBIJE a.d. NOVI
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VIP MOBILE d.o.o. Omladinskih briga
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� top ACkNOwLEDGEMENTS The White
Page 161:
� top PUBLISHER: Foreign Investor
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