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Foreign Investors Council
47, Gospodar Jevremova Street, IV Floor, 11000 Belgrade, Serbia
Phone: +381 11 3281 958, 3281 965
e-mail: office@fic.org.rs

MENI

Recent Activities

26. June 2017.

Stance on Data Protection Promoted in Danas

In an Opinion for Danas daily on June 26, Legal Committee President Mihajlo Zivkovic promoted the importance of public consultations in view of adoption of the new Law on Personal Data Protection and presented the main FIC views on the Model Law proposed by the Commissioner for Data of Public Importance Rodoljub Sabic.

He briefly presented FIC comments on the Model Law on Personal Data Protection, provided within public consultations organized by the Commissioner. Legal Committee President in particular outlined FIC view that there is the need to go further in view of the full harmonization with the EU regulation in order to avoid additional cost for entities in Serbia. ’’The addressees of the GDPR will have the obligation to invest significant amounts to harmonize the operations with the new Regulation, and therefore it cannot be expected that they will be ready to invest additional resources in view of harmonization with the additional obligations prescribed by the Model Law“, he said. Mihajlo Zivkovic noted with satisfaction that the officials from the Commissioner’s office announced that they will thoroughly review FIC views, and also provide the definite Model Law, along with the report on the public discussion, to the Government and the Assembly. He outlined that FIC expects from the Justice Ministry to organize the public discussion once the decision is taken to adopt the new Law, in order to get the best possible solutions and guarantee the harmonization with the EU rules. This media appearance was in particular useful for clarifying FIC view on the Model Law proposed by the Commissioner, as he recently came out in public with the statement that he got FIC and AmCham support for his Model Law. While FIC in general supports upgrading of legislation in this domain, 67 proposals for improving Draft Model Law were submitted. The text from Danas can be accessed here below.

FIC GUIDE

FIC GUIDE
Guide to Foreign Investors Council in Serbia 2016/17

White Book

White Book
Published yearly since 2003, goal of the White Book is to enable removing unneeded barriers and make doing business in Serbia easier, thus enabling better inflow of investments. It is promoted every year in the fourth quarter at the prestigious high-level event.

Rcc

Rcc
Reality Check Conference is an important tool in achieving FIC goals: it is an event meant to remind the authorities about the recommendations from the latest White Book edition and check status of their implementation.