Keepin touch

Whether you have a question, comment, suggestion or any problem in the purview of the government, send us your message and we will try to respond as soon as possible. If your problem is not in our purview, we will forward your message to the relevant institution.

The Government of the Republic of Serbia

In the service of citizens

Investment incentive committee holds session

Belgrade, 21 June 2006

The Serbian Ministry of International Economic Relations has said that the investment incentive committee, which is in charge of the implementation of the action plan for removing administrative obstacles for foreign investments as part of the Strategy for encouraging and developing foreign investment held a meeting today.

The committee concluded that significant results have been achieved in some fields, including the adoption of laws on return of property to religious communities, arbitration, investment funds and amendments to the law on planning and construction, while further work is needed in some other fields.

In the meantime, the ministry completed bills on industrial parks and the new bill on foreign investment, whose adoption is expected in the next period.

Serbian parliament will also examine the laws on trade, property relations, free zones, state land survey, real estate registry, on returning property, amendments to the Company Law, amendments to the Law on competition protection, and the Law on food safety and the Law on organic agriculture.

At today’s meeting agreement was also reached regarding further work on these issues, as well as on holding bilateral meetings of Committee members with the aim to accelerating the implementation of the key factors in the Strategy.

The committee consists of representatives of ministries at the state secretary level and assistant ministers, the National Bank of Serbia, government agencies and institutes. President of the committee is Serbian Minister of International Economic Relations Milan Parivodic, and the Committee’s work will be coordinated by the Ministry’s Sector for foreign investments.

The action plan for removing administrative obstacles in foreign investment contains short-term measures directed towards improving the business climate in Serbia and attracting a larger number of foreign direct investments. They are divided into various wholes and concern the development of infrastructure, starting business, the work of enterprises, and systemic measures which include reform of public administration and the judiciary, reads the statement.