Harrisons has advised the EBRD on its EUR 12 million unsecured loan to the Autonomous Province of Vojvodina, in Serbia, for the financing of the implementation of energy efficiency measures in around 80 public buildings in 20 municipalities.

Petrovic Legal has advised Hefestos Capital on its acquisition of TMK Europe from undisclosed sellers.

Fresenius Medical Care has appointed Belgrade-based Mirko Lalatovic to the role of Head of Compliance, Central & South East Europe, EMEA.

CMS has advised the EBRD on a EUR 10.8 million loan to Serbian machine manufacturer Stax Technologies.

Former Senior Associate Andjelka Radovanovic has been promoted to Partner at NSTLaw Stankovic & Partners on January 1, 2023.

The renewables sector in the Republic of Serbia has been growing for a while with a focus on wind energy, solar energy, biomass, and biogas and as recently on agrivoltaics.

NKO Partners has advised Emmezeta on its acquisition of Novi Sad real estate from Delhaize. Petrikic & Partneri in cooperation with CMS advised the seller.

Aleksic & Associates Special Advisor Vladimir Kozar has been elected as the new Head of the Civil Law Department at the Faculty of Law for Commerce and Judiciary in Novi Sad, a division of the University Business Academy in Novi Sad.

In her keynote speech at the 2023 World Economic Forum in Davos, Ursula von der Leyen, EU Commission President, outlined yesterday the main pillars of the EU’s Green Deal Industrial Plan to boost Europe’s leadership in green technology on its road to carbon neutrality. “We know we have a small window to invest in clean tech and innovation to gain leadership before the fossil fuel economy becomes obsolete,” said von der Leyen.

Former Osborne Clarke CEO Simon Beswick has joined Kinstellar’s Board of Directors as a non-executive member.

Harrisons has advised the EBRD on its EUR 21.4 million loan to the Metalfer Steel Mill in Sremska Mitrovica, Serbia.

In the Official Gazette no. 138/2022 from December 12, 2022, amendments to the Law on Property Taxes (“Law“) have been introduced.

In the Official Gazette no. 138/2022 from December 12, 2022, amendments to the Law on Personal Income Tax (“Law“) have been introduced.

Partners Luka Popovic and Bogdan Ivanisevic have been elevated to Senior Partners with BDK Advokati.

At the beginning of last year, the Electronic Invoicing Act (“Act“) was passed, which entered into force on May 7, 2021. Since the Act brought significant changes to the Serbian economy, the application of some provisions of the Act is postponed, so the latest set of provisions will apply from January 1, 2023. It is when VAT payers must start issuing electronic invoices in all mutual transactions with other VAT payers from the private sector and transactions with public sector entities. Even in the very first stage of this Act, Gecić Law gave an insight into which novelties we can expect.

Moravcevic Vojnovic and Partners in cooperation with Schoenherr has advised MaxBet on its agreement with CT Gaming Group member Bargame to acquire the El Dorado Slot Clubs in Serbia.

NKO Partners has advised the Dr. Max Group on its acquisition of the AU Medis Lek pharmacy chain in Serbia. Stanivuk & Manasijevski advised AU Medis Lek's shareholder on the sale.

The European Union is fast-tracking the road to a greener future as EU institutions reach provisional agreements on the Carbon Border Adjustment Mechanism (“CBAM”) and the EU Emissions Trading System (“ETS”). After round-the-clock negotiations between EU officials, the “Fit for 55” legislative package with the ultimate goal of reaching carbon neutrality by 2050 is now being finalized. What are the implications for non-EU countries?