President of the Commission for Protection of Competition Dr Miloje Obradovic and Acting Director of the Public Policy Secretariat of the Republic of Serbia Bojana Tosic signed a Memorandum of Understanding between the two institutions.
The aim of the Memorandum is to ensure a more intensive collaboration between the Commission and the Public Policy Secretariat with regard to the assessment of the regulatory impact on market competition during the process of adoption of regulations by the Government.

This would enable a timely detection of potentially adverse effects that proposed solutions could have on market competition and better regulatory results when it comes to establishing the most competitive environment possible, which directly leads to an improved business environment in the Republic of Serbia.

The signing of the Memorandum contributes to a fruitful implementation of the Project for the Improvement of the Business Environment in Serbia that is implemented by the International Financial Corporation (IFC), a member of the World Bank Group in collaboration with the Government of the Republic of Serbia and with the support of the British Embassy in Belgrade and the Good Governance Fund of the Government of United Kingdom whose representatives attended the event too.

The stated project for the improvement of the business environment in Serbia will contribute to the reduction of administrative burden borne by the business sector – through the simplification of 1,750 administrative procedures for obtaining licences, permits, and authorisations, and the digitalisation of 100 procedures, as well as through the elimination of practices that adversely affect the development of competition.