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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

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06. October 2017.

FOREIGN INVESTORS COUNCIL CONDUCTED THE 4TH VISIT TO EU INSTITUTIONS IN BRUSSELS

Brussels/Belgrade, October 6, 2017 – With series of successful meetings with representatives of the European Commission, delegation the Foreign Investors Council (FIC) finalized its visit to Brussels, fourth in a row. Thus, the FIC continued to support the process of European integration of Serbia, being a reliable partner both to the Serbian Government and the European Union, as the business association which has such a particular active and dual role in that process.

During a two day visit, FIC delegation met with representatives of 7 directorate generals of the European Commission: NEAR, ECFIN, TAXUD, EMPL, TRADE, CNECT, and SANTE. In addition, meetings with representatives of the European External Action Service (EEAS), CEFTA Secretariat, and European Parliament were held. Delegation also met with the Serbian Ambassador to EU Ana Hrustanovic, while the Serbian Mission to EU organised a reception.

The delegation of the Foreign Investors Council pointed out to positive effects of conducted reforms and gave recommendations for further improvement of the business climate. Good macro-economic results were praised, stating that stronger economic growth required sustainable fiscal consolidation and progress in law implementation, especially in the tax area. The FIC mentioned forming of the Task Force for implementation of the White Book recommendations, which was established jointly by the Government of Serbia and the FIC, and conveyed expectations that it will lead to acceleration of reforms. European institutions were encouraged to actively support Serbia, because mutual collaboration is needed for bringing Serbian market closer to EU rules and practices.

It was reiterated that the foreign investors gathered in FIC strongly support Serbia to continue negotiations with EU as a way of improving business conditions and further inflow of investments. This will create benefits for all – the state, the existing and future investors, and above all Serbian citizens and the society as a whole.

Members of FIC delegation were: Executive Director Ana Firtel and chairmen of the following FIC committees: Anti-Illicit Trade Committee President Goran Pekez, Digitalisation&E-Commerce Committee President Jasmina Vignjevic, HR Committee Vice President Jelena Markovic and Telecommunications& IT Committee President  Marko Jovic.

About FIC: FIC is a business association which, since its establishment, is advocating for improvement and increase of competitiveness of the local market and harmonization with the EU regulation. Each year, the FIC produces the "White Book" publication which provides comprehensive set of recommendations for further improvement of the business environment so that the Serbian market becomes more attractive for new investments, but also easier for doing business for the companies that are already operating on the market. FIC continues to expand- gathering over 130 companies who have invested over EUR 28.7 billion, contributed to 21.7% of GDP, 22.2% of Serbian exports, 18% of Serbian corporate income tax state revenue, and directly employ over 94,000 people in Serbia. FIC members, which are the driving engine of the Serbian market, invest their knowledge and expertise in the work of this association in order to help Serbia to create more attractive and sustainable business environment and to more quickly integrate into the EU market.

FIC is also focusing on promoting solid business ethics and high corporate governance principles within the organization and towards local companies, the Government, and other external stakeholders. Through support and active engagement of membership, FIC has proven to be a strict guardian of the business community interests and at the same time a reliable partner to the Government of Serbia and other relevant stakeholders.

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.