Foreign Investors Council summarizes activities in 2018 – Advocating speeding up of reforms in Serbia to continue

The Foreign Investors Council will continue to advocate for speeding up the reforms and acceleration of accession negotiations in order to catch up with EU level of economic development, the president of the FIC, Yana Mikhailova, emphasized at the regular annual session of the Assembly, held on December 21, 2018, the FIC announced.

– Three key FIC expectations from the Government are to achieve sustainable fiscal consolidation (structural reforms, especially privatization and corporatization of state-owned enterprises), improve law implementation, especially in tax area (strengthening tax administration), and provide more transparency in public consultations with focus on reforms in 8 priority topics: tax, labor, digitalization & e-commerce, real-estate, inspections, food safety, and overall legal framework, with emphasis on regulations on bankruptcy and foreign exchange operations. We hope that the re-launched joint Task Force with the Government will bring the tangible results next year – Mikhailova said.

Assembly meeting gave the opportunity to track the record of past activities and adopt Annual and Financial Report for 2018.

– This has been an important year for FIC, which brought 3 significant novelties: formation of the new Pharma Industry Committee, in a response to this industry needs; launch of FIC LinkedIn account to take advantage of this network and more actively promote FIC work to external community; and, in order to fully embrace the era of digitalization, but also to be environment-friendly, FIC opted against printing the White Book publication which is available for free download on the FIC website (www.fic.org.rs) – the press release says.

In 2018, FIC launched 45 regulatory initiatives, actively participated in 14 working groups, and held more than 200 meetings with the Government and other stakeholders.

Members also adopted Annual and Financial Report for 2018. For the first time this year, the “Committee of the Year Award” was introduced.

FIC - Savet stranih investitora

Foreign Investors Council

FIC

Yana Mikhailova

FIC Assembly

Pharma Industry Committee FIC

White Book

White Book Task Force