By participating at the inaugural meeting, the Commission for Protection of Competition has supported the start of operations of the Corporate Compliance Association. The Association gathers companies from various industries opened to further advance their related know-hows and more efficiently harmonize respective business operations against the current regulatory framework.

It is in the interest of the Commission to advocate and promote harmonization of business operations of undertakings against competition rules, since such conduct correspondingly reduces the risk of infringing competition which occurs, inter alia, also due to the fact that companies lack practices harmonized against competition rules and regulations, said Dr Miloje Obradović, President of the Commission for Protection of Competition, in its opening speech given at the inaugural meeting.

The compliance also affects the growth of business in full and complete conformity with competition rules, and likewise enables the internal identification of potential anticompetitive behaviors. Since the prevention of such adverse consequences is among the primary objectives of the Corporate Compliance Association, the Commission for Protection of Competition strongly supports its establishment and operations, underlined Dr Obradović.

Within the framework of the Association’s inaugural meeting, a panel discussion was held on “Why is corporate compliance important for each of us?”. The goal of this panel session, where Čedomir Radojčić, CPC Council member, has taken part as well, was to raise the level of awareness on the importance of this topic by defining the purpose and meaning of corporate compliance, but also to present concrete examples on its implementation in specific business operations of various undertakings.

Representatives of undertakings involved in relevant corporate compliance-related activities also took an active role during the panel session, as well as representatives of the private and public sector, the Association of Serbian Banks and the University of Belgrade Faculty of Law.

In cooperation with the International Finance Corporation (IFC), a member of the World Bank Group, and the Public Policy Secretariat of the Republic of Serbia, the Commission for Protection of Competition of the Republic of Serbia has held a two-day seminar „Regulatory Impact Analysis on Markets and Competition“.

The principal goal of this seminar was to provide support to representatives of the Serbian Government institutions to further improve the implementation of a regulatory impact analysis towards establishing and assessing potential market restrictions, and improving regulatory quality and effectiveness. The seminar also served as a platform showcasing international experiences on the integration of competition policy principles into drafted regulations.

The seminar participants were able to hear from Marijana Mišković-Vukašinović, CPC Council member, Bojana Tošić, Acting Director of the Public Policy Secretariat of the Republic of Serbia, Maciej Drozd, WB economist, as well as from Eugeniu Osmochescu, WB Team leader.

During panel sessions, Marko Obradović, CPC Council member, gave a well-perceived presentation on the Commission’s respective experiences, titled “How the Commission for Protection of Competition and the Public Policy Secretariat of the Republic of Serbia promote drafting regulations in support of businesses and competition”, while Dr Veljko Milutinović, CPC Council member, spoke on the topic “Rules reinforcing dominance or barriers to entry”. Representatives of the Mexican Federal Competition Commission and the National Regulatory Improvement Commission, Rodrigo Rios and Francisco Parra, respectively, have presented Mexico’s experiences gained in their efforts to accomplish regulatory framework harmonization against competition principles. Otherwise, Mexico is considered to be one of the global leaders in this particular area. Furthermore, WB Chief Economist, Tania Begazo, has presented examples encountered by this international institution in their attempts to exert an influence via numerous globally implemented projects focused on passing of regulations not restrictive to competition.

The second day of this seminar was organized as an interactive workshop, serving as a platform for the exchange of experiences gained from ensuring the inclusion of competition provisions into regulations. Representatives of the Mexican Federal Competition Commission and the National Regulatory Improvement Commission have presented in more detail the tools used in their regular practice.

This event is organized as a part of the Serbia Investment Climate Project, implemented by the International Finance Corporation in cooperation with the UK Good Governance Fund and the British Embassy in Belgrade.

The Commission for Protection of Competition of the Republic of Serbia will host the annual 2020 ACE Conference (Association of Competition Economics) in Belgrade. This decision was made during last week’s conference held in Bologna, Italy.

With the notable participation achieved this year also, designated representatives of the Serbian competition authority, Dr Siniša Milošević, Head of the Economic Analyses Division and Jelena Popović-Markopulos, Senior Advisor at the Economic Analyses Division, have been provided with an opportunity to present a Commission’s case study before 276 participants, European and other international competition economists. The manner in which the economic expertise is used in the presented case is recognized as notable, thus placing Serbia among nine other countries to present their case studies during the Conference.

As every year, the 2018 Annual ACE conference in Bologna has gathered numerous representatives of European competition authorities, reputable consulting firms and academia, providing them with an opportunity to exchange respective experiences concerning the assessment of competition and consumer protection authorities’ operating efficiencies.

Since its creation in 2003, the main activity of ACE is the annual conference that brings together competition economists.

The Commission for Protection of Competition of the Republic of Serbia perceives this announcement on the selection of the host authority as an additional recognition of the results achieved during the last couple of years in advancing economic expert opinions, consequently reflecting on the quality of its enacted decisions.

Pursuant to Article 58 of the Law on Protection of Competition, the Commission for Protection of Competition hereby publishes the Notice of Filing of the Proposal of Commitments, which companies MasterCard Incorporated, MasterCard International Incorporated and MasterCard Europe S.A., as legal entities representing the MasterCard payment organization, are voluntarily willing to undertake in order to eliminate possible infringement of competition, with a call inviting all interested parties to submit commentaries, views and opinions in writing with reference to the commitments proposed.

Owing to the intensified cooperation achieved between the Commission for Protection of Competition and the Embassy of the Republic of Korea in Belgrade, in addition to the agreement reached by CPC President, Dr Miloje Obradović, and recent Ambassador of the Republic of Korea in Belgrade, H.E. Dae Jong Yoo, designated representative from the CPC Division for Assessment of Concentrations, Ms Ivana Cvijović, has attended a ten-day practical training course at the Korean Fair Trade Commission, KFTC, offered as a part of its technical assistance program.

The goal of this technical assistance program is to advance the competition law and policy enforcement, as well as to enable the practical use of know-hows in order to allow more efficient promotion of competitive market environments of the program’s participating counties.

Each year, representatives of dozens of competition authorities from around the globe apply for the internship program at the Korean Fair Trade Commission, which is known as one of the most efficient competition authority in the world. The professional development program includes the advancement of theoretical and practical aspects and know-hows of competition law and policy enforcement relating to the areas of competition infringement and merger investigations. This is the first participation of a representative of the Commission for Protection of Competition of the Republic of Serbia in this program.

However, this is not the first time that the Republic of Serbia and the Republic of Korea cooperate in the field of competition policy. The Commission for Protection of Competition and the Embassy of the Republic of Korea in Belgrade have co-organized the “Knowledge-sharing seminar on Korean and Serbian competition law enforcement” in October 2017. As this type of event has proven highly beneficial in strengthening the knowledge of undertakings on competition policy in the Republic of Serbia, events of a similar kind are already planned for 2019.