Yesterday in Skopje, member countries of the Open Balkan initiative took an important step towards enhancing regional economic cooperation. Representatives of Serbia, North Macedonia, and Albania signed two protocols aimed at establishing a free labor market between the member countries of the Open Balkan initiative. These include the Protocol on the Implementation of the Agreement on Conditions for Free Access to the Labor Market in the Western Balkans and the Protocol on Connecting the Electronic Identification Schemes of the Western Balkans Citizens. Representing Serbia, Gojko Stanivuković, the State Secretary of the Ministry of Finance, signed the documents. This demonstrates the […]
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The European Union (EU) has introduced a growth plan to accelerate the accession of the Western Balkans. European Commission President Ursula von der Leyen unveiled a commitment of EUR 6 billion at the Western Balkans summit in Tirana. Out of this amount, two billion euros will be in grants and four billion euros in loans. However, specific details regarding the mechanisms of this growth plan are still pending clarification. The EU’s strategy is to bring the region closer economically before political integration. This would allow the Western Balkans to benefit from certain privileges. Benefits include the free movement of goods […]
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August 25, 2023, marks a monumental shift as the Digital Services Act (“DSA“) takes center stage, impacting industry giants like Amazon, Google, Apple, and TikTok. With 19 platforms and search engines, each having a minimum of 45 million users, the DSA takes action to uphold data privacy, combat disinformation, and eliminate online hate speech. This dynamic legislation aims to give users, including minors, enhanced rights and control over their online presence, fostering a high level of privacy and security. What’s the story? Back on April 25, 2023, the first designation decisions were made, designating very large online platforms (“VLOPs“) and […]
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Serbia is opening its doors wider to foreign workers due to several factors. The qualified labor shortages, technological and economic growth, and the effects of globalization have made it essential to simplify and facilitate the residence and work procedures for foreigners in Serbia. Recognizing this need, last winter Serbia began drafting amendments to three foundational immigration laws: the Foreigners Act, the Foreigners’ Employment Act, and the Citizenship Act. Two of these, he amendments to the Foreigners Act and the Foreigners’ Employment Act, have been adopted by the National Assembly. These changes aim to provide a more streamlined and appealing environment […]
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The landscape of business registration in Serbia is changing, catalyzed by the advent of digital technologies. As of May 17, 2023, Serbia is set to embrace a comprehensive digital transformation by mandating all business entity registrations to be conducted exclusively via the Business Registers Agency’s (APR) eRegistration application. This move will render paper-based applications obsolete, bringing greater efficiency and practicality to the business registration process. This transition applies across the board to all legal entities in Serbia, including Limited Liability Companies (DOO), General Partnerships (OD), Limited Partnerships (KD), and Joint-Stock Companies (AD). This change not only streamlines administrative procedures but […]
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