In this year’s edition of the White Book, the Foreign Investors Council (FIC) says that Serbia has made a moderate, but stable progress in improving the business climate.
Taxes, workforce, inspection and safety of food, infrastructure and real estate, healthcare, bankruptcy proceedings and FX operations, as well as digitalization and e-commerce are the priority areas of the White Book 2020.
The FIC says that, despite the current situation, it still has the same expectations, which are expedited reforms, continuation and acceleration of EU membership negotiations, along with investing more effort into a sustainable fiscal consolidation and improvement in the implementation of laws.
“Our team notices Serbia’s moderate but stable progress in improving the business climate,” said the FIC president, Mike Michel.
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In the 2020 edition of the White Book, the FIC did not talk about the index of institutional progress of 2020.
“It is our decision to skip 2020 and continue publishing it in 2021. In mid-March, the COVID-19 pandemic put a stop to the usual activities of the government and other state institutions on improving the business environment and focused their activities on fighting the contagion and supporting companies, entrepreneurs and citizens in handling the impact of the recession more easily,” the FIC explains.
It also points out that, in the past few months, it has become clear that the digitalization is not just an empty phrase, but a real need of the society and that it should be seen as an opportunity, not a threat.
The FIC adds that the improvements in said areas will have multiple positive effects on the economy and make the country a more attractive place for foreign investors.
The Council also wants to see urgent changes relating to personal data protection, commerce, the central register of real owners, mortgage and public procurement procedures.
The second segment of priorities includes rental of workforce, the energy sector, the sanitary inspection, dual education, court procedures, public-private partnerships, restitution, VAT regulations and a central register of temporarily restricted rights, NPLs, insurance and other laws.
This post is also available in: Italiano