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 GDPR compliant act proposal
- Renewable energy activities on pasture land
- New rules on the award of renewable energy support measures
- Cybersecurity methodology approved
Bosnia & Herzegovina
- Draft Law on Amendments to the Law on Banks Adopted
Bulgaria
- Amendments to the Commercial (Liquidation)
- Amendments to the Commercial Act (Company Transformations)
- Increase of Minimum Wage
Croatia
- New Round of Tax Reforms
- Amendments to the Road Transport Act
- Amendments to the Companies Act
Cyprus
- Company Law – A new framework for beneficiary shareholders
- IP Law – Modernization of the legal framework for design protection
Greece
- New law implementing the NIS 2 Directive on cybersecurity
- New law on energy saving framework, projects and urban planning issues
- Digital Transaction Duty introduced into Greek law
- New VAT Code
Montenegro
- The new Law on Electronic Communications
North Macedonia
- Draft Energy Law
- Amendments to the Law on Construction
- Amendments of the Law on Agricultural Land
Romania
- Tax amnesty and adjustments to tax liabilities
- Adjustments to penalties in the RO e-Transport system
- Amendments to the property tax implementation schedule
- Amendments to the Companies Act 31/1990
Serbia
- The Amendments to the Energy Law
- The new Law on Strategic Environmental Impact Assessment
- The Amendments to the Law on Alternative Investment Funds
Slovenia
- Reform of the Salary System in the Public Sector
- Employers Were Required to Take Measures to Ensure the Right to Disconnect by November 16
- Adoption of the Amendment to the Companies Act Increases Corporate Transparency
- Law on the Implementation of the EU Regulation on Crypto-Asset Markets (ZIUTK)