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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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26. February 2015.

Fair Conversion Needed

In an interview for weekly Vreme published on February26, Real-Estate Committee President Nebojsa Nesovanovic assessed the changes of the Construction Law as substantial and pleaded for the efficient and fair solution for conversion.

When it comes to the Construction Law, Nesovanovic in particular outlined that the public sector won't be any more in control of the activities of private sector, but will only monitor if the laws are respected. ‘'For example, if we talk about the control of the projects, public sector will verify only whether it was performed by the person who has the licence, and won't verify any more the content of the project", Nesovanovic told, adding that it is a substantial change and that the public sector should be prepared for it. Asked about the conversion, Nesovanovic said that FIC earlier position was conversion without compensation. In the meantime FIC is working on the new proposal that would include solution that is in line with the decision of the Constitutional Court from November 2013 regarding conversion, with the rules of state aid and compatible with the restitution process. ''Conversion should be quick, fair and financially feasible", Nesovanovic concluded.

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.

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