The City of Novi Sad has met the requirements for acquiring the regional BFC SEE certificate, whereby it has confirmed the status of a local self-government with a favorable business environment in Southeast Europe according to the latest, III edition of the BFC SEE standard within the recertification process, it is said on the city’s website.
The certification of towns and municipalities in terms of the economy in Southeast Europe (BFC SEE), carried by the National Alliance for Local Economic Development (NALED) is a process that promotes standards and enables the rating of the quality of services and information provided to companies through an efficient, responsible and transparent management on the local level and the most favorable conditions for investments and operations.
– Thanks to the joint efforts of numerous city services, administrations, public and public utility enterprises in the past year, the city has already for the third time acquired the title of the bearer of the certificate and enabled a better positioning of Novi Sad as an investment destination – the city’s website says.
The BFC SEE program has been carried out since 2012. So far, around 100 towns and municipalities from five countries have joined the certification process, of which 51 local self-governments have met the requirements for the acquiring of the certificate which serves as a stamp of quality for the economy and the investors and proof that they will find a predictable business environment in line with the highest international standards, efficient procedures, quality databases and reliable services in these areas.
According to the NALED’s data, over three million citizens and 105,000 companies in certified towns and municipalities now use efficient local administration services. The conditions for doing business in these areas are better by 76% on average, and 80% of the certified towns and municipalities from the region have been put on the Financial Times list of the best investment destinations in Europe.
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