Q:
A:
Competition protection a condition for attracting foreign investments
Belgrade,
18 November 2009
Serbian Minister of Trade and Services Slobodan Milosavljevic said today that competition protection is a condition both for attracting greater amounts of foreign investment and continued economic growth.
Author:
Tanjug
Speaking at the first regional conference "Efficient policy of competition protection for higher competitiveness", held at the Serbian Chamber of Commerce, Milosavljevic pointed out that Serbia was awarded the highest grade in the progress it has made in the field of competition protection in this year's report of the European Commission.
The Minister said that the most important new aspect introduced by the new Law on competition protection is that the Commission for Protection of Competition has broader powers in imposing penalties, since the threat of sanctions has a greater preventive effect than the amount of penalty. Head of the European Commission Delegation to Serbia Vincent Degert said that market competition is a precondition for Serbia's EU membership and that Serbia must gradually adjust its regulations and prepare for the application of EU rules of competition.
Degert said that full implementation of the Law on protection of competition secures the most favourable prices, the best quality and the greatest choice for consumers.
He recalled that the SAA and the transitional trade agreement include provisions determining the policy of competition in the market and welcomed Serbia’s progress in this area over the past year.
The gathering was organised by the Ministry of Trade and Services, the Serbian Chamber of Commerce, with the support of the EU-funded Technical Assistance to the Commission for the Protection of Competition (ACPC).
The Minister said that the most important new aspect introduced by the new Law on competition protection is that the Commission for Protection of Competition has broader powers in imposing penalties, since the threat of sanctions has a greater preventive effect than the amount of penalty. Head of the European Commission Delegation to Serbia Vincent Degert said that market competition is a precondition for Serbia's EU membership and that Serbia must gradually adjust its regulations and prepare for the application of EU rules of competition.
Degert said that full implementation of the Law on protection of competition secures the most favourable prices, the best quality and the greatest choice for consumers.
He recalled that the SAA and the transitional trade agreement include provisions determining the policy of competition in the market and welcomed Serbia’s progress in this area over the past year.
The gathering was organised by the Ministry of Trade and Services, the Serbian Chamber of Commerce, with the support of the EU-funded Technical Assistance to the Commission for the Protection of Competition (ACPC).
-
Belgrade, 11 August 2025Support for agricultural projects worth RSD 750 million
-
Belgrade, 21 July 2025Construction of oil pipeline with Hungary to begin early next year
-
Belgrade/Athens, 17 July 2025Serbia continues to align with EU in field of energy
-
Kostolac, 14 July 2025First solar power plant Petka in Kostolac put into trial operation
-
Belgrade, 11 July 2025Potential for improving cooperation with Belarus in many areas
-
Požega, 5 July 2025Section of Pakovraće - Požega highway officially opened
-
Belgrade, 2 July 2025Technical specifications defined for Serbia-Hungary oil pipeline
-
Belgrade, 30 June 2025IMF confirms Serbia successfully implementing all agreed reforms
-
Belgrade, 27 June 2025Double Taxation Avoidance Agreement with Germany signed
-
Kostolac, 25 June 2025Construction of Kostolac wind farm nearing completion