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


  • Treaty with Montenegro Social Security
  • Double Taxation Treaty with the Slovakia
  • Amendments to law on the protection of agricultural land
  • Amendments to law on the prevention of money laundering and financing of terrorism

Bosnia & Herzegovina

  • Law on the organization of the wine market in Bosnia and Herzegovina
  • Draft Law on the production of weapons and military equipment in Republic of Srpska


  • Amendments in Commerce Act
  • Amendments in Special Pledges Act
  • Elaboration of local Whistleblowers’ Legislation


  • The Decision on Direct Measures for Controlling the Prices of Certain Products in Retail Trade
  • The new Cybersecurity Act
  • Proposal of the Act on the Method, Conditions, and Procedure for Servicing and Sale of Receivables
  • Amendments to the Act on Tax Consultancy


  • No notable legislative developments

North Macedonia

  • New Solidarity Tax Law
  • Amended Law on Financial Discipline
  • Amended Law on Obligations


  • Amendments to the Law on Foreigners and to the Law on Employment of Foreigners
  • New Regulation on the Terms of Delivery and Supply of Electrical Energy
  • Novelty in the Regulation on Attracting Direct Investments


  • Adoption of an Act Determining Intervention Measures for Recovery from the Floods and Landslides of August 2023
  • Adoption of an Act on the siting of installations for generation of electricity from renewable energy sources
  • Amendments to The Financial Operations, Insolvency Proceedings and Compulsory Dissolution Ac
  • Ljubljana Arbitration Rules