The SELA regional newsletter features an overview of the most important regional legislative developments recently announced in the jurisdictions of SELA coverage. Many of the changes recently implemented impact the regions’ ability to attract foreign investments and related to tax, customs and other investment incentives, illustrating just how strategically important the governing bodies of the region SEE foreign investment.
Main takeaways
Albania
- New Data Protection Act entered into force
- New Electronic Communications Act entered into force
- Albania ratifies the Hague 2019 Judgments Convention
- Law on Statutory Audit amended
Bosnia & Herzegovina
- Draft Regulation on Renewable Energy Communities (Republic of Srpska)
- Decision on the Development of the Energy Strategy of the Federation of Bosnia and Herzegovina
- New Legal Profession Law (FBH)
- New Regulation on Buildings and Interventions of Significance for FBH
- Collective Bargaining Agreement for Employed in Wood and Paper Industry (FBH)
- New Regulation on the Allocation of Incentives for Increasing Employees’ Salaries (Republic of Srpska)
- New Data Protection Law (State level “BH”)
Bulgaria
- One Step Closer to Coming into Legal Force of the Foreign Direct Investment Screening Mechanism
- Proposed Increase of the Maximum Social Security Income
Croatia
- Legislative Amendments to the Property Law in Progress
- Key Updates to the Construction Act
Cyprus
- Cyprus launches “ERGANI” platform to improve employment transparency
- AML restrictions on large cash transactions
Greece
- New rules for short-term rentals and tourist businesses
- CSRD transposition into Greek law
- Data Centers: Regulatory framework for the licensing of data centers in Greece has been completed
- Ratification of the Protocol of Amendment to Convention 108 (Data Protection and Privacy)
Montenegro
- Amendments to the Law on Payment Transactions
North Macedonia
- New Law on Minimum Global Corporate Tax
- Amendments to the Law on Electronic Documents, Electronic Identification and Confidential Services
Romania
- Increase in Dividend Tax
- New tax rules for micro-enterprises
- Reintroduction of Construction Tax
- Implementation of CAEN Rev.3 and company law amendments
Serbia
- Amendments to the Companies Law
- Artificial Intelligence Development Strategy
Slovenia
- The First Package of Tax Changes has come into effect