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Serbia tops regional reform list in 2004
Belgrade,
6 May 2005
The OECD Investment Compact, a key component of the Stability Pact for Southeastern Europe, said in its official report on reforms in Southeastern European countries for the first quarter of 2005 that Serbia achieved the greatest progress in reform of all countries in the region in 2004.
The Serbian Ministry of International Economic Relations said that the report came as a result of exceptional legal activities by the government and parliament, who together drafted and adopted over 80 laws and other legal acts.
The dynamic legislative work continued this year. Namely, a series of important economic laws have been passed, including the Law on Bankruptcy, Law on Enforcement Procedure, Law on Financial Leasing, Company Law, Law on Lawsuit, Law on Games of Chance, Law on Value-Added Tax, Law on Insurance, Law on Energy, Law on Registration of Companies, etc.
Significant results were achieved in the area of institutional building and creating an investment friendly climate. The OECD Investment Compact particularly valued the adoption and application of the action plan for removing administrative obstacles for foreign investment. This document was created by the Ministry of International Economic Relations and approved by the government on May 27, 2004. Since mid-2004, an inter-ministerial commission has been intensively engaged on measures regulated by this document, whose final goal is to establish Serbia as an investment friendly country.
The dynamic legislative work continued this year. Namely, a series of important economic laws have been passed, including the Law on Bankruptcy, Law on Enforcement Procedure, Law on Financial Leasing, Company Law, Law on Lawsuit, Law on Games of Chance, Law on Value-Added Tax, Law on Insurance, Law on Energy, Law on Registration of Companies, etc.
Significant results were achieved in the area of institutional building and creating an investment friendly climate. The OECD Investment Compact particularly valued the adoption and application of the action plan for removing administrative obstacles for foreign investment. This document was created by the Ministry of International Economic Relations and approved by the government on May 27, 2004. Since mid-2004, an inter-ministerial commission has been intensively engaged on measures regulated by this document, whose final goal is to establish Serbia as an investment friendly country.
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