Public Discussion on Preliminary Version of State Aid Control Bill

The Ministry of Finance will initiate public discussion on working paper of the Draft Law on State Aid Control as of tomorrow, 21 December 2007. Many stakeholders have been invited to take part in the public discussion: the Government ministries, State Audit Institution, Competition Protection Commission, National Investment Plan Office, Republic of Serbia Development Fund, Guarantee Fund, Serbian Investment and Export Promotion Agency, Export Insurance and Financing Agency, AP Vojvodina Executive Council, EU Association Office, state aid beneficiaries, Serbian Chamber of Commerce, Standing Conference of Towns and Municipalities, relevant international organizations and any other stakeholders who believe that their comments may help improve the text of the Law.

The Ministry
of Finance will initiate public discussion on working paper of the Draft Law on State Aid Control as of tomorrow, 21 December 2007. Many stakeholders have been invited to take
part in the public discussion: the Government ministries, State Audit
Institution, Competition Protection Commission, National Investment Plan
Office, Republic of Serbia Development Fund, Guarantee Fund, Serbian Investment
and Export Promotion Agency, Export Insurance and Financing Agency, AP
Vojvodina Executive Council, EU Association Office, state aid beneficiaries,
Serbian Chamber of Commerce, Standing Conference of Towns and Municipalities,
relevant international organizations and any other stakeholders who believe
that their comments may help improve the text of the Law.

Particular
provisions of the Law have been explained in Rationale of the Law, along with
indication of their relation with relevant European Union regulations. The Law
has been aligned with the acquis communautaire concerning state aid, to the
degree required for a country expecting to soon sign Stabilization and
Association Agreement and for the interim agreement to come into effect. The
Law provides for realization of commitments concerning state aid stipulated by
the agreement. This Law is unprecedented, because it will establish a system of
state aid control for the first time in Serbia, and active participation of all
stakeholders in the public debate is expected.

The
public discussion will last until 15 January 2008.