Get Doing Business with Serbia (Global Market Briefings) PDF

By Marat Terterov

ISBN-10: 1905050143

ISBN-13: 9781905050147

ISBN-10: 1905050682

ISBN-13: 9781905050680

This moment version of Doing company with Serbia is the definitive English language advisor to funding power, advertisement chance and company perform in Serbia. The consultant offers an aim and well timed overview of present financial system, funding possibilities, and an perception into the foundations of industrial engagement in Serbia's vivid and fast paced economic climate. furthermore, the advisor will comprise distinctive profiles of sectors and person companies.

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Sample text

4 million for the social programme. 2 million. 2. The amendments to the Privatization Law adopted in February 2003 and the adoption of the Bankruptcy Law and Law on the Agency for Licensing Bankruptcy Trustees in 2004, will speed up the privatization process by combining the sale of large enterprises to strategic investors by tender, the auction sale of small- and medium-sized enterprises and privatization through the bankruptcy and liquidation of insolvent enterprises. In the process of restructuring large state and socially owned enterprises in the coming years, priority will be attached to solving the problem of redundancies and total liabilities that exceed total assets.

Its basic functions are cash and public debt management. A comprehensive consolidation of public finance on both the revenue and expenditure sides of the budget, had a direct influence on reducing the fiscal deficit. 5 per cent of GDP. 6 per cent of GDP, which is the average for the advanced countries in transition. In the structure of public revenue, the share of tax payable on goods and services, income tax, profit tax and capital gains tax is dominant. 3 per cent. Maintaining fiscal sustainability over the medium term implies maintaining the share of domestic and foreign public debt below 60 per cent of GDP.

5 per cent, was abolished in July 2004. The abolition of this tax unburdened the economy and increased the funds for new employment and investment. In January 2005, the sales tax was replaced by value added tax (VAT) (18 per cent and eight per cent). The expectations that VAT would be more effective than the sales tax in terms of public revenue collection has proved to be correct during the first few months of 2005. The process of combatting the grey economy continued, especially with respect to excise products and employment.

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Doing Business with Serbia (Global Market Briefings) by Marat Terterov

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