Currently, there is an ongoing process in the Republic of Serbia regarding change of the legal regulation of companies owned by the Republic of Serbia – state owned enterprises (SOE).
In this regard, the text of the Statement of Program was adopted by the Government’s conclusion from 2 June 2022. The Statement accepts revised objectives of the economic policy measures for the duration of the program supported by the Policy Coordination Instrument agreed with the International Monetary Fund, where the Republic of Serbia is obliged to adopt a new law on ownership coordination in state owned enterprises.
The public debate on the Draft Law on the Management of Enterprises owned by the Republic of Serbia (the “Law”) was conducted in the period from December 1 to December 20, 2022.
Key points
In the scope of the Law there are only state-owned companies, while public enterprises are outside this scope because the Law envisages the change of legal form of public enterprises to limited liability companies or joint stock companies within one year from the commencement of the application of the Law. The same applies to state owned companies that perform activities of general interest within the meaning of the Law on Public Enterprises, which are obliged to harmonize their organization, as well as their general acts and founding agreements with the Law within one year from the date of the commencement of the Law’s application.
