Karanovic & Partners has advised the German company ZF on matters related to the opening of its factory in Pancevo, Serbia, as part of the first phase of a EUR 160 million investment. The factory will start producing machines, generators for hybrid and electric drives, gearshift switches, and microswitches in the first half of June.
Adriana Minovic is the Head of Data Protection and DPO of the Ergomed Group, a provider of clinical research, pharmaco-vigilance, and other services in the Life Sciences industry, with headquarters in Guilford, U.K. Prior to joining Ergomed, Adriana was Head of Conent Security and DPO for the United Group, and before that as a lawyer specializing in regulatory/compliance matters at Air Serbia. Earlier still, she was an adviser for the European Integration Office of the Government of the Republic of Serbia and a legal adviser in Serbia’s Ministry of Trade, Tourism and Telecommunications.
At the end of 2018, the Government of the Republic of Serbia extended the validity of the Decree on Incentive Measures for the Production of Electric Energy from Renewable Energy Sources and High-efficiency Cogeneration of Electric Energy and Thermal Energy (the “FIT Decree”) until the end of 2019. The FIT Decree was initially valid until the end of 2018.
Vladimir Bojanovic, Managing Partner of Bojanovic & Partners in Belgrade, rejects the idea that legislative or regulatory updates are of critical importance in his country. "In Serbia it’s not legislative reform that would fuel the development on its own,” he says. “It’s closely connected with new investments that require modern legislation — so in a way recent investments (which are by and large the biggest in the recent history) are shaping and pushing forward modern legislation – the relation of these two is symbiotic.” And he reports that four sectors — Energy, Technology, Distressed Assets, and Corporate/M&A — are particularly active in Serbia at the moment.