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Legislation Update: North Macedonia
Amendments to the VAT Law in North Macedonia: Treatment of Low-Value Consignments
Recent amendments to the VAT Law in North Macedonia introduce significant changes to the VAT treatment of low-value consignments imported into the country. The goal of the amendments is to abolish the existing VAT exemption for low-value commercial parcels and to introduce a much narrower exemption limited to non-commercial, person-to-person shipments. The law will enter […]
Read moreRegional M&A News
MidEuropa Agrees to Exit Imlek
The family holding of entrepreneur and investor Andrej Jovanović (AJFH), as the lead investor, together with the experienced manager and current CEO of Imlek, Bojan Radun, has signed an agreement for the joint acquisition of Imlek from its current owner, MidEuropa. The transaction is subject to standard approvals. Karanović & Partners and its cooperating offices […]
Read moreNorth Macedonia: Tourism Growth
Hotels and Wine Key to North Macedonia Tourism Expansion
North Macedonia is stepping up efforts to attract hotel investments and strengthen its tourism infrastructure. During a recent discussion on Corridor 10 and transit tourism, government representatives highlighted plans to simplify construction procedures and encourage the development of new hotels nationwide, including in protected areas, to boost investment and support local economies. As part of […]
Read moreEnergy News: Montenegro
Amendment to the Decision Defining Blocks for Hydrocarbon Exploration and Production
The Government of Montenegro (Government) has adopted amendments to the Decision on Defining Blocks for Hydrocarbon Exploration and Production (Decision). The initial Decision divided the territory, including the maritime area, into exploration blocks. These amendments further specified the offshore blocks that will be offered in the upcoming tender for exploration (and production) of hydrocarbons. These […]
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