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A:
Legislator must analyse effects of new regulations
Belgrade,
10 March 2005
Serbian Minister of Economy Predrag Bubalo said today that the government acknowledges the importance of the legislature’s ability to understand the effects of new regulations on the market before adopting and implementing new regulatory solutions.
Opening the first public session of the Council for Regulatory Reform, Bubalo stressed that an analysis of the effects of regulations is an instrument used by most developed countries and that the government has proposed that the legislature start using such methods.
According to him, these tactics help gain an understanding of the impact of new laws and regulations on the economy, citizens, the development of small and medium sized enterprises, and an array of other practical issues that represent the future of Serbia’s further economic restructuring.
Bubalo said that all laws passed in the past three months were preceded by an effect analysis or by a conclusion that there is no need for such an analysis.
The Council for Regulatory Reform was set up in 2003 with a task to help improve the business environment by proposing changes to existing regulations, said Bubalo. He added that its role has been expanded to give opinion on whether a proposed solution includes an adequate effect analysis.
After the session of the Regulatory Reform Council, a three-day workshop on “Improvement of the Regulatory Environment in Serbia: Capacity Building for Effect Analysis of Regulations” was launched, organised by the Ministry of Economy, the programme of the World Bank Group Investment Climate Department as well as the unit of the World Bank Office for Serbia-Montenegro charged with the development of the private and financial sector.
The purpose of the workshop is to spread information and initiate debate among the state leadership, experts in academic institutions and representatives of the private sector about strategies for an all encompassing regulatory reform and ways of removing the main legal obstacles identified in the Study on Investment Climate in Serbia (RIA).
According to him, these tactics help gain an understanding of the impact of new laws and regulations on the economy, citizens, the development of small and medium sized enterprises, and an array of other practical issues that represent the future of Serbia’s further economic restructuring.
Bubalo said that all laws passed in the past three months were preceded by an effect analysis or by a conclusion that there is no need for such an analysis.
The Council for Regulatory Reform was set up in 2003 with a task to help improve the business environment by proposing changes to existing regulations, said Bubalo. He added that its role has been expanded to give opinion on whether a proposed solution includes an adequate effect analysis.
After the session of the Regulatory Reform Council, a three-day workshop on “Improvement of the Regulatory Environment in Serbia: Capacity Building for Effect Analysis of Regulations” was launched, organised by the Ministry of Economy, the programme of the World Bank Group Investment Climate Department as well as the unit of the World Bank Office for Serbia-Montenegro charged with the development of the private and financial sector.
The purpose of the workshop is to spread information and initiate debate among the state leadership, experts in academic institutions and representatives of the private sector about strategies for an all encompassing regulatory reform and ways of removing the main legal obstacles identified in the Study on Investment Climate in Serbia (RIA).
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