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COMMERCE
Business Environment links
Initial deregulation of foreign trade began in
December 2000, when the Government cut various administrative barriers.
Tariff reform began in 2001 with the passage of a greatly improved Customs
Tariff Law. Average tariffs (unweighted) dropped from 14 to 9.4 percent,
and the tariffs simplified from 37 to six rates, ranging from 1 to 30
percent. A large number of quotas and licensing requirements was also
abolished. Export controls continue on certain agricultural products, and
import licenses continue on certain steel products.
The Government
of Serbia set an ambitious reform agenda aiming to: improve the regulatory
framework for business entry, facilitate the efficient operation of
business through modification of the Enterprise Law; improve enterprises'
access to finance; and reduce barriers to the efficient exit and
redeployment of non-productive assets.
The Government launched a
comprehensive reform of business registration at the end of 2002, and
plans to complete the process by 2006. These laws would create a unified
Serbian business registry that includes all business activities covered
under the current Enterprise Law and Law on Private Entrepreneurs.
Considerable progress has already been made in achieving the objective of
reducing the number of days and costs to register an
enterprise.
The authorities have adopted a number of key laws and
regulations aimed at creating a legal and institutional framework to
support credit transactions and easier access to finance.
Serbia
has over 200,000 registered SMEs, including sole proprietorships. A new
Small and Medium Enterprise Agency established in 2001 has since formed
ten regional SME agencies. A new strategy on SME development was adopted
in 2003, and the SME Agency has also been involved in the drafting of
laws on business environment, especially the Law on Private
Entrepreneurs.
A labor law passed in 2001 creates the scope for
enhanced labor mobility and job creation by simplifying the process of
hiring and terminating employees, and by reducing labor costs. A new Law
on Employment (July 2003) provides a basis for the reform of the existing
Labor Market Bureau and allows for the establishment of private employment
agencies.
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Working Hours:
Monday to Thursday -
09:00 – 16:30
Friday -
09:00 – 13:30
Working Hours:
Tuesday and Friday -
10:00 – 11:30