20 May 2020 (Update) – On 15 May 2020, the National Bank of Serbia ("NBS") adopted the Decision on the Conditions and Manner of Implementing Operations on the Open Market ("Decision").

Forex trading in the Republic of Serbia is regulated by the Law on Capital Markets, the Law on Foreign Exchange Transactions and the Decision on Trading with Financial Derivatives.

Serbia's National Bank (Amendment) Act (Official Gazette of the Republic of Serbia, no. 76/12) established the Financial Institutions Supervisory Authority.

On 14 April 2021 the Official gazette of the Republic of Serbia No.37 published that the Ministry of Finance of Serbia adopted a Rulebook on the Value Added Tax.

The latest amendments to the above outlined by-laws represent a signal that the market of non-performing loans may be developing, although the results still remain to be seen and tested in practice.

The global pandemic has left local economies shaken.

According to Article 5 of the Serbian Banking Act (Zakon o bankama), no person other than a bank licensed in Serbia may engage in the granting of loans unless...

29 July 2020 - In response to the COVID-19 pandemic, the National Bank of Serbia ("NBS") adopted on 27 July 2020 two decisions aimed at protecting Serbia's financial system...

Dispute resolution is a critical yet often overlooked aspect of international project finance.

The long-anticipated amendments to the Serbian Mortgage Act, published in the Official Gazette of RS no. 60/2015, entered into force on 16 July 2015.

Serbia boasts an excellent strategic location, solid infrastructure and highly knowledgeable human resource potential. Being at a unique position in the European market, Serbia offers diverse

In a groundbreaking move, Montenegro is set to establish a direct bank payment system with Serbia and Bosnia and Herzegovina after a long-awaited 16-year period.

Serbia's National Bank has proposed amendments to the Law on Interchange Fees and Special Operating Rules for Card-based Payment Transactions, introducing caps on interchange fees for both domestic and international card transactions. The draft legislation distinguishes between card-present and card-not-present transactions, with fees ranging from 2% to 15% depending on transaction type, marking a significant shift in the country's financial regulatory framework as part of its EU accession process.

What started as a typical consumer protection claim, designed to create a fairer, more transparent banking market, ended up in mass claims fundamentally challenging the right of banks to charge...

The adoption of the Financial Collateral Act (FCA) in 2018 was widely regarded as a great addition to Serbia's financial law infrastructure.

The Serbian Parliament adopted the Financial Collateral Act ("FCA") on 8 June 2018 (published in the Official Gazette of the Republic of Serbia, no. 44/2018).

The Ministry of Finance of Serbia has adopted the Rulebook on interest rates for 2021 that should be applied for the purposes of calculation of income taxes and also can be applied for calculation...

Serbia's National Bank has proposed comprehensive amendments to the Law on Payment Services as part of the country's EU accession process. The draft legislation introduces enhanced fraud prevention mechanisms, broader payment system access, and stricter compliance requirements that will reshape the financial services landscape. What operational changes will payment institutions need to implement during the nine-month transitional period?

The current Serbian Planning and Construction Law ("Planning and Construction Law") came into force in November 2009.

As of the close of 2022, Serbia's banking sector faced challenges amid global economic conditions. The year 2023 brought its distinct set of obstacles, with a noteworthy slowdown...