Source: Tanjug | Thursday, 19.11.2020.| 15:34
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White Book 2020: Moderate, but stable progress in improving the business climate

Illustration (Photo: Pressmaster/
The Foreign Investors Council (FIC) says in this year's edition of the White Book that Serbia has made a moderate, but stable progress in improving the business climate.

Taxes, labor, 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 accelerated reforms, continuation and acceleration of EU membership negotiations, along with efforts toward a sustainable fiscal consolidation and improvement in the application of laws.

– Our team sees a moderate but stable progress of Serbia in the improvement of the business climate – said the president of the FIC, Mike Michel.

The FIC says that, in this edition of the White Book, a publication on the business climate in Serbia with recommendations and suggestions for its improvement, it will not present 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 infection and supporting companies, entrepreneurs and citizens in handling the impact of the recession more easily.

In the past few months, the FIC points out, 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 points out 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.

As said, urgent changes are required in the fields of personal data protection, trade, central register of true owners, mortgage and public procurement procedures.

The second block of priorities includes the renting 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 and the relation of insurance and other laws.
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