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The Government of the Republic of Serbia

In the service of citizens

Draft law on protection of competition completed

Belgrade, 20 October 2008

Serbian Minister of Trade and Services Slobodan Milosavljevic stated that the Draft law on the protection of competition, which is to be publicly debated later in November, will grant more authorisations to the Committee for the Protection of Competition.

Author: Tanjug

Addressing businessmen at the round table discussion themed “Competitiveness of the Serbian Economy – Challenges and Possibilities”, Milosavljevic said that the draft law is now undergoing technical reduction, that is, harmonisation with other regulations, and is to be adopted at the government’s session by year’s end.

According to him, the law is to enhance the functionability of the Committee’s work by giving it greater authorisation and enabling it to pass sanctions when necessary.

The Minister announced that the government will do all it can to improve this segment of domestic company business and added that in order for this to succeed, companies must implement contemporary technology and design, improve marketing activities and work on further standardisation.

I am certain that next year we will have a much better rating because there is no longer political instability in the country, stressed Milosavljevic and recalled that numerous elections have considerably lessened the attractiveness of the Serbian market, which is why Serbia has not improved its position, but remained 85th on the global list of competitiveness.