Legislation Update in Albania
Albania Proposes New Legislation on Trademarks and Patents
Albania is currently contemplating the revision of its existing legislation on industrial property currently regulated by one single law i.e., Law no. 9947, dated 7.7.2008 “On Industrial Property”, as amended. The existing law governs all domains of industrial property and business secrets, including patents of invention, utility models, trademarks, industrial designs, and geographical indications. In […]
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Business Breakfast in Skopje
Rules of the Road: Navigating Business Compliance in North Macedonia
On 26 December, Karanovic & Partners in cooperation with local lawyers hosted their first business breakfast in Skopje. Our colleague, Ljupka Noveska Andonova, an independent Attorney at Law in cooperation with Karanovic & Partners, opened the event by welcoming the attendees and providing an overview of the upcoming discussions covering the most recent and prominent […]
Read more New Energy Legislation
North Macedonia’s Renewable Energy Surge: New Laws Intend to Harmonize National Legislation with EU’s Energy Standards
In an effort to harmonize the national legislation with the European Union’s Clean Energy Package, the Ministry of Economy of North Macedonia announced the drafts for a new Law on Energy and the Law on Renewable Energy Sources. North Macedonia’s significant growth in solar power capacity has led to an increase in the newly installed […]
Read more M&A Transaction in Serbia
Döhler Expands Global Presence with Acquisition of Frikos
Döhler, a leading global producer, marketer and provider of technology-driven natural ingredients, ingredient systems and integrated solutions for the food, beverage and life science & nutrition industry acquires Frikos, a Serbian company renowned for its expertise in premium quality freeze-dried fruits. The Karanovic & Partners team, led by Senior Partner Dragan Karanović, Senior Associate Sava […]
Read more Litigation Trends and AI Integration in Legal Practice
Legal Horizons Explored: Karanović & Partners at Berlin Group WSG Meetings
Our Senior Associate, Andrej Jelenković, participated in the Berlin Group WSG meetings hosted by Kocián Šolc Balaštík Law Firm in Prague on 7 and 8 December. The group, comprised of litigation lawyers from various European countries, engaged in discussions regarding the latest developments in litigation. A key focus was on the regulatory changes in class […]
Read more Employment Business Breakfast
Employment Law Trends: Insights from Our Latest Business Breakfast
On 7 December, Karanović & Partners hosted their first employment business breakfast. Our Partner Milena Jakšić Papac, the head of the Employment team opened the event, offering an overview of the impending discussions covering the latest and most prominent topics in employment law. Senior Associates Milijana Tomić, Valentina Đorđić Mijatović, and Aleksandar Petrović delved into […]
Read more Tax News: Montenegro
Amendments to the Montenegrin Law on Corporate Income Tax (CIT Law)
In November 2023 the Government of Montenegro proposed amendments to the CIT Law (Proposal). Currently undergoing public debate, the Proposal is designed to bring the Montenegrin tax framework in line with EU tax legislation, particularly focusing on the EU Council’s Directive 2009/133/EC. This directive outlines a unified taxation system applicable to mergers, divisions, asset transfers, […]
Read more Insights from the Regional Workshop in Sarajevo
Unveiling Challenges in Competition Law Enforcement Across SEE Countries
On 28 November, competition law experts from Bosnia & Herzegovina, Croatia, and Serbia gathered at the Faculty of Law, University of Sarajevo, for a workshop addressing “Challenges to Competition Law Enforcement in SEE Countries”. The event was organized as part of the collaborative project Jean Monnet Center of Excellence and the South: East European Competition […]
Read more Serbian Retail Parks Agreement
BIG CEE and RC Europe Finalize Deal for NEST Obrenovac and NEST Kraljevo
BIG CEE and RC Europe have successfully concluded an agreement for the sale and purchase of two retail parks in Serbia – NEST Obrenovac and NEST Kraljevo. With a GLA of 11,000 m2, NEST Obrenovac, and NEST Kraljevo with a GLA of 9,500 m2, both boast a full occupancy rate of 100%. Our Senior Partner […]
Read more Serbia Hospitality Update
Preparing for EXPO 2027: Subsidies for the Hospitality Industry in Serbia
In efforts to revitalize the hospitality industry and boost tourism, the Serbian Government adopted changes to the Decree on Determining the Criteria for Granting Incentives to Attract Direct Investments in the Hotel Accommodation Services Sector (“Decree”). The Decree is aimed at stimulating the development of hotels and comes as a direct response to the growing […]
Read more Regional Tech Investments
EBRD Invests in M Plus Croatia
The European Bank for Reconstruction and Development (EBRD) has recently finalized an investment agreement with Croatia’s Mplus Group (Meritus ulaganja d.d.). The agreement outlines an investment of €60 million into M Plus Croatia d.o.o., a key subsidiary responsible for consolidating various businesses within the group’s business process outsourcing (BPO) segment. These services span across 57 […]
Read more North Macedonia: Coal-Free Initiative
North Macedonia’s Coal Exit: EBRD and World Bank Support a 3 Billion Euro Initiative to End Coal Dependency in North Macedonia
The European Bank for Reconstruction and Development (“EBRD”) and the World Bank are among the international financial institutions spearheading a 3-billion-euro plan to wean North Macedonia off its reliance on coal. The “Just Energy Transition Investment Program” (JET-P) plan follows the footsteps of several other countries in efforts to retire coal power plants, with the […]
Read more Data Science Summits in Belgrade
AI Horizons: Insights from Belgrade’s Data Science Conference
Our Senior Associate Nikola Kliska recently attended the Data Science Conference in Belgrade on 21 and 22 November 2023. Prior to the conference, the Data and AI Summit took place., where representatives from Microsoft, Revian, and numerous data, AI, and ethics advisors shared their views through table topics. Most AI enthusiasts concluded that artificial intelligence […]
Read more BIG CEE Secures an EBRD Loan
District Center doo Beograd and PKS-LATEX-HLC doo Čačak Signs Debt Package with EBRD
BIG CEE B.V. has signed a debt package of up to EUR 100 million with the European Bank for Reconstruction and Development (EBRD), for boosting the development of green commercial real estate in the Western Balkans. The initial projects that will be financed include a EUR 27.6 million loan, given to District Center doo Beograd […]
Read more An Event in Collaboration with VIAC and LAC
Optimizing Commercial Disputes: Insights from Ketler & Partners Business Breakfast
On 16 November, our colleagues from Ketler & Partners, member of Karanovic, organised a Business Breakfast on the effective resolution of commercial disputes in cooperation with the Vienna International Arbitral Centre (VIAC) and Ljubljana Arbitration Centre (LAC). The event took place in the Best Westen Premier Hotel Slon in Ljubljana, Slovenia. The event aimed to […]
Read more ICC Serbia Event
Advancing Commercial Dispute Resolution through an Arbitration Training
On November 16, 2023, the International Chamber of Commerce (ICC) Serbia organized a comprehensive training session at the Chamber of Commerce and Industry of Serbia on “Arbitration as a Mechanism for Resolving Commercial Disputes”. Over 40 participants, including representatives from small, medium, and large companies, banks, lawyers, and others, attended the session. Led by our […]
Read more North Macedonia and Serbia Fast-Track Rail Connection
Bridging Borders: North Macedonia and Serbia to Sign Memorandum for Construction of a Fast Railway
On Friday, 17 November, the Minister for transport and communications of North Macedonia, Mr Blagoj Bochvarski, and the Minister for construction, transport and infrastructure of Serbia, Mr Goran Vesić, signed a Memorandum for the Construction of a Fast Railway from Niš to Skopje. The project represents a significant collaborative effort between the two countries, for […]
Read more 18th Business and Regulation Conference
Evolving Business Horizons: Annual Compliance & Business Regulation Conference Key Takeaways
On 14 November 2023, Karanovic & Partners hosted the 18th annual Compliance & Business Regulation Conference at Hyatt Regency Hotel, Belgrade. During this event, we unveiled the 17th edition of our publication, Focus on Competition. Our Managing Partner Darko Jovanović delivered a welcoming speech, reflecting on the conference’s beginnings: “In 2006, we started our conference […]
Read more Tax News: Serbia
Personal Income Tax Incentives Deadline Extended
The Serbian National Assembly has adopted amendments to the Law on Personal Income (PIT Law) and the Law on Mandatory Social Contributions (SSC Law) extending the deadlines for payroll incentives. These amendments concern employers engaging newly employed individuals, allowing such employers to use these incentives until the end of 2024. The initial deadline was set […]
Read more Renewable Energy in Serbia
Alibunar I Wind Farm Started Powering the Serbian Grid
Photo: Rudis In October 2023, the Alibunar I wind farm was connected to the grid and started operations by delivering the first quantities of produced energy to the grid. Alibunar I wind farm consists of three 3 MW wind turbine generators located near Vršac. The wind farm was constructed by Rudis, the leading engineering […]
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