New Construction Law Aimed at Attracting Investors

“The new construction and urban planning law, which will take effect after its adoption in December, will improve the economic environment and therefore attract investors,” declared Vice President of the government and Minister of Infrastructure, Construction, and Transportation Zorana Mihajlovic.

The Minister added that the government’s goal is to increase the construction sector’s contribution to the gross domestic product (GDP) from 4% to 7% in 2017.

Various businessmen, United States Ambassador Michael Kirby, and Minister of Euorpean Integration Jadranka Joksimovic were present for the presentation of the amendment proposals in the Chamber of Commerce. Mihajlovic said that authorization for construction could be obtainable within twenty-eight days. This is due to the implementation of a “one-stop shop” system and the fact that the government will provide all the necessary documentation and various certifications in its possession in order to render the process more simple for investors. “If we want to reform this country – the government’s main objective – this law must be applied in practice,” said Mihajlovic.

The Minister added that in Serbia, construction authorization generally requires 216 days and sometimes as long as five to seven years, and that this is unacceptable. Moreover, the Minister noted that Serbia ranks 186th of 189 countries on the World Bank’s Ease of Doing Business Index.

Mihajlovic stated that by March 1st, local authorities will be able to apply this law and will be sanctioned if they do not apply it correctly.

According to the Minister, all of the other related laws will be approved by February 15th.

Mihajlovic announced that in the second half of this year, an electronic construction authorization process will be introduced. The Special Construction Law and the Special Law for Conversion of Land for Construction Purposes will also be adopted during this time period so that everyone who wishes to exercise their right to build on land zoned for construction will be able to do so.

(Tanjug, 01.12.2014)

This post is also available in: Italiano

Share this post

scroll to top