Emerging Real Estate Market in Serbia

Emerging Real Estate Market in Serbia

It is safe to say that Serbia has positioned itself as one of the most significant investment destinations in SEE region, especially attractive for real estate investments. Given its strategic position in the Balkans, favorable export-import regimen with SEE countries and Russia, low profit tax rate of 15%, average salary and government-supported incentives for the investors, it is no wonder that Serbia is becoming the leader in the Western Balkans’ real estate market.

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Serbian Commission for Protection of Competition Enacts Measure for Protection of Competition for the First Time

Serbian Commission for Protection of Competition Enacts Measure for Protection of Competition for the First Time

On 12 July 2017, Serbian Commission for Protection of Competition (the “Commission”) enacted a Decision by which it enacted a measure for protection of competition due to implementation of concentration contrary to the legal obligation to notify the Commission of the concentration and to receive its prior approval

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Serbia to Allow Mergers of Cross-Border Companies

Serbia to Allow Mergers of Cross-Border Companies

On its way to becoming a full Member State of the European Union, Serbia must harmonize its laws with EU laws. Among other expected changes, Serbia will have to amend its Companies Act (the “Act”). The Ministry of Economy has already established a working group in order to prepare a draft of amendments to the Act.

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Legal Limitations of Copyright in Serbia

Legal Limitations of Copyright in Serbia

According to the Serbian Copyright and Related Rights Act (the “Act”), the work of authorship is defined as the author’s original intellectual creation expressed in a certain form, regardless of its artistic, scientific or some other value, its purpose, size, contents and the way of its manifestation, and regardless of permissibility of public communication of its contents.

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Chinese Investment in the Balkans

Chinese Investment in the Balkans

In light of slowing growth in exports and trading, China unveiled an enormous project, today known under the name the Belt and Road initiative (“the Initiative”). The project aims at boosting trade and stimulating growth across Asia and beyond, and pushing forward the economic transition from basic manufacturing to high-end manufacturing.

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Pay Raises During Pregnancy – a Risk for Employers

Pay Raises During Pregnancy – a Risk for Employers

Serbian legislation provides for a maternity leave compensation in the amount of the mother’s average salary in the last 12 months before the leave. The compensations is paid from the state budget, but the procedure of ascertaining the right to maternity leave compensation is conducted by local government.

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