kzkDr Miloje Obradović, President of the Commission for Protection of Competition, and Bojana Tošić, Acting Director of the Public Policy Secretariat of the Republic of Serbia, have signed the Memorandum of Understanding between the two institutions.

The Memorandum aims to provide a framework for more intensified cooperation between the Commission and the Public Policy Secretariat in regulatory impact assessments on market competition during the process of adoption of regulations by the Government, in order to enable timely identification of potential adverse effects of draft regulations on competition.

The improvement of the quality and impact of regulations is thus ensured, made in order to achieve as qualitative as possible regulatory environment, which directly affects the improvement of the business climate in the Republic of Serbia.

The Memorandum is signed in the light of the enhanced implementation of the Serbia Investment Climate Project, implemented by the International Finance Corporation (IFC), a member of the World Bank Group, in cooperation with the Government of the Republic of Serbia, and endorsed by the British Embassy in Belgrade and the UK Good Governance Fund, whose representatives also attended the signing ceremony.

The Serbia Investment Climate Project aims at enhancing the business environment by reducing the administrative burden on the industry – by streamlining 1,750 administrative procedures for obtaining licenses, permits and approvals, and digitizing 100 procedures, in addition to eliminating practices that adversely affect the development of competition.