The project is worth $2.8 million and will be administrated by the World Bank and financed by the Swedish government.
Bubalo told a press conference that part of the funds will be used for building capacities of the regulatory reform council and the analysis of implemented laws.
The regulatory reform council will primarily coordinate the drafting of an analysis of effects of laws, which should point out the issues that are solved through laws, the reasons why a solution is thought the best and the anticipated costs and usefulness of laws.
This could lead to a better quality law drafting process in Serbia and for the first time the expected effects of a law will have to be clearly defined, analysed and presented beforehand to the government, parliament and the broader public.
The pre-adoption law analysis process would enable an imrpoved quality law drafting process since it would increase transparency, efficiency, legal safety and predictability of law regulations.
Bubalo explained that the aim is to clear out all superfluous regulations that Serbia inherited from previous states to which it once belonged.
According to Bubalo, each ministry will have to draft a list of laws covering their area of competence and explain whether they should or should not be applied.
Carolyn Jungr
Swedish Ambassador to Belgrade Lars-Goran Engfeldt said that 30 years ago Sweden carried out such a reform, thus bringing about progress in the business sector.
World Bank Country Manager in Serbia-Montenegro Carolyn Jungr said that in the past two years, Serbia made huge progress in improving its business atmosphere, primarily by implementing the Law on the registration of business subjects; however, there is still a need to work on some other areas.
Jungr stated that implementation of contracts should be more efficient, which means court proceedings must take longer than a year, adding that slow licensing and permit issuing are another obstacle to the improvement of Serbian entrepreneurship.