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A:
Government to adopt competition protection law by end of November
Belgrade,
28 October 2008
Serbian Deputy Prime Minister and president of the national competition council Bozidar Djelic said this evening that the government will adopt the law on competition protection by the end of November, which will strengthen the role of the Commission for Protection of Competition.
Speaking at the promotion of Harvard University Professor Michael Porter’s book “On Competition”, Djelic said that the government will also adopt the law on state help, which will ensure that subsidies to enterprises do not damage competition in the market.
He said that the adoption of these two laws is part of the work being done on the harmonisation of domestic laws with EU legislation, adding that a low level of competition has led to unattractive prices on the Serbian market in certain cases.
Serbia, like other small countries, must solve the problem of how to make it possible for multinational companies to do business in the country, while ensuring that domestic companies maintain their volume of business and are competitive enough to match global businesses, said Djelic.
He said that the government has decided to implement the transitional trade agreement with the EU from January 1, 2009, primarily because controlled reduction of protection for the Serbian market will stimulate competition.
Michael Porter’s book has been published in Belgrade by the Faculty of Economics, Finance and Administration. The book deals with subjects such as competition and strategies for companies, the role of location in competition and the link between competition and the social order.
US Ambassador to Serbia Cameron Munter said that the book, which was published with the embassy’s help, will be a valuable contribution to the debate on Serbia’s economic development and suggested guidelines for the future.
He said that the adoption of these two laws is part of the work being done on the harmonisation of domestic laws with EU legislation, adding that a low level of competition has led to unattractive prices on the Serbian market in certain cases.
Serbia, like other small countries, must solve the problem of how to make it possible for multinational companies to do business in the country, while ensuring that domestic companies maintain their volume of business and are competitive enough to match global businesses, said Djelic.
He said that the government has decided to implement the transitional trade agreement with the EU from January 1, 2009, primarily because controlled reduction of protection for the Serbian market will stimulate competition.
Michael Porter’s book has been published in Belgrade by the Faculty of Economics, Finance and Administration. The book deals with subjects such as competition and strategies for companies, the role of location in competition and the link between competition and the social order.
US Ambassador to Serbia Cameron Munter said that the book, which was published with the embassy’s help, will be a valuable contribution to the debate on Serbia’s economic development and suggested guidelines for the future.
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