COVID-19 Serbia Update
Serbia Adopts Tax and Financial Regulation to Help the Economy During the COVID-19 Outbreak
Last Updated 12 April 2020, 17:00 CET The Government of Serbia adopted the Regulation on Fiscal Benefits and Direct Aid to Private Sector Entities and Financial Aid to Citizens to Mitigate the Economic Impact of COVID-19 (“Regulation”) on 10 April 2020, ten days after the announcement of the proposal of the Program of economic measures […]
Read more
COVID-19 Slovenia Update
E-commerce in times of COVID-19: Good business opportunity or expensive administrative nightmare?
Last Updated on 10 April 2020 18:00 CET With the impact of COVID-19 increasing and more restrictive anti-COVID-19 measures being introduced, recent research shows that online grocery and healthcare purchases have grown for more than 20%, with an expectation for online sales to surge an additional 20% in the near future. Following the limitations on […]
Read more COVID-19 Bosnia and Herzegovina Update
Draft Law on Mitigating the Negative Economic Consequences presented in Bosnia and Herzegovina
Last Updated on 10 April 2020, 9:00 CET Following the outbreak of COVID-19, authorities at all levels in the Federation of Bosnia and Herzegovina (“FBH”) and in the Republic of Srpska (“RS”) have imposed a broad spectrum of measures from quarantines to restricted travel and outdoor activities. Both governments in FBH and RS are currently considering measures to […]
Read more COVID-19 Slovenia Update
Slovenian National Assembly adopts the new “Anti-Corona” act
Last Updated on 7 April 2020 16:00 CET On 2 April 2020, the National Assembly of Slovenia adopted new COVID-19 intervention measures by passing the “Anti-Corona” act[1], which supplements and partially revokes intervention measures already in force. Intervention measures refer also to certain changes in the field of taxation and social security contribution payments in […]
Read more COVID-19 North Macedonia Update
COVID-19 Shadows Over the Banking and Finance Sector in North Macedonia
The Government and the National Bank of the Republic of North Macedonia (“National Bank”) introduced several amendments dispersed through the existing regulatory framework in order to facilitate the country’s attempt to support the liquidity during the COVID-19 outbreak. Most recently, the Government has instituted solutions affecting financing companies and finance leasing providers (“Financial Institutions”) as […]
Read more COVID-19 North Macedonia Update
Effects of COVID-19 to Court Proceedings in North Macedonia
Last Updated on 6 April 2020, 15:00 CET Access to court Following the declaration of the state of emergency and the adopted preventive measures by the Government of North Macedonia, the courts limited their work only to urgent cases and with significant physical restriction to court premises. Accordingly, most of the hearings are being postponed. […]
Read more COVID-19 Slovenia Update
The Slovenian National Assembly adopts new intervention measures by passing the “Anti-Corona” act
Last Updated on 6 April 2020, 11:00 CET The National Assembly of the Republic of Slovenia adopted new COVID-19 intervention measures by passing the “Anti-Corona” act[1], which supplements and partially repeals intervention measures already in force. In relation to the majority of measures, the “Anti-Corona” act will be applied retroactively from 13 March 2020 onwards […]
Read more COVID-19 Croatia Update
Croatian Government Proposes the April Financial Package
Last Updated on 3 April 2020 15:00 CET The Croatian Government proposed the second package of economic measures on 2 April, aimed to preserve jobs and reduce liquidity risks caused by the COVID-19 financial crisis in the private sector. Starting with April, the salary amount financed by the Croatian Government will be increased to an […]
Read more COVID-19 Serbia Update
Serbia Proposes a Set of Economic Measures in Response to the COVID-19 Outbreak
Last Updated on 2 April 2020 11:00 CET The Government announced on 1 April 2020 its proposal of a Program of economic measures to reduce the negative effects caused by the COVID-19 pandemic and an attempt to support the economy of Serbia, split into four categories. Tax policy measures Payroll tax and social security contributions […]
Read more COVID-19 Slovenia Update
First Set of Employment Intervention Measures Enters into Force in Slovenia, Additional and Revised Measures are Proposed
Last Updated on 1 April 2020 14:00 CET The Act on Intervention Measures to Salaries and Contributions (“Intervention Act”) finally entered into force on 29 March 2020 in Slovenia. The Intervention Act regulates the right of employers to apply for reimbursement of salary compensations paid to employees who are either unable to work due to […]
Read more Karanovic & Partners Selected in Serbia
Karanovic & Partners Awarded CEE Legal Matters’ Deal of the Year Award
We are pleased to announce that Karanovic & Partners has been awarded CEE Legal Matters’ prestigious 2020 Deal of the Year Award for our role in Coca Cola HBC’s Acquisition of Bambi from Mid Europa Partners. This is the third year in a row that our firm’s accomplishments are chosen among some of the biggest […]
Read more COVID-19 Serbia Update
Status of Foreign Citizens in the Republic of Serbia During the COVID-19 Pandemic
Last Updated on March 28 2020 The Republic of Serbia has officially closed its border crossings for passengers in road, rail, air and water traffic at 8.00 a.m. on 20 March 2020. The passing of humanitarian aid and crossings of national importance that are approved by the competent authority are still allowed. International passenger traffic […]
Read more COVID-19 Montenegro Update
Update on the Employment Situation in Montenegro
Last Updated on 27 March 2020 COVID-19 outbreak has made a significant impact on the vast majority of employers’ business activities. The most common questions which have been raised due to recent developments are the ones concerning possibilities to reduce workforce and type of measures to reduce workforce costs due to COVID-19. Therefore, relevant possibilities/measures […]
Read more COVID-19 Croatia Update
Update on Tax and Economy Related Government COVID-19 measures in Croatia
Last Updated on 27 March 2020 The Croatian Government enacted detailed rules on the possibility to apply for deferred payment of taxes. This measure includes income and profit tax, public fees (includes pension and health insurance, concession fees but not custom fees and excise duties) as well as VAT (under certain conditions). Businesses wishing to […]
Read more COVID-19 Bosnia and Herzegovina Update
Data Protection Agency of Bosnia and Herzegovina Prohibits Publication of Personal Data of Persons Infected by COVID-19
Last Updated on 26 March 2020 14:00 CET COVID-19 outbreak that was declared a pandemic by the World Health Organization (WHO) due to its alarming level of spread and severity, caused countries to use any available measure to combat its alarming spreading. Authorities at all levels of all affected countries have in addition to providing […]
Read more COVID-19 Croatia Update
COVID-19 and Force Majeure in Croatia
Last Updated on 25 March 2020 Pursuant to the Croatian law, in order for the event to be deemed as force majeure, it is supposed to be an external, unpredictable, atypical and unrecoverable event. Although the COVID-19 outbreak definitely represents a global health risk, it may not always be clear how it affects the rights […]
Read more COVID-19 Bosnia and Herzegovina Update
Effects of COVID-19 Outbreak on Employment Issues in Bosnia and Herzegovina
Last Updated on 25 March 2020, 15:00 CET Governments in the Federation of Bosnia and Herzegovina (“FBH”) and in the Republic of Srpska declared a state of disaster and emergency on 16 March. Due to the COVID-19 outbreak, a set of measures was introduced in order to prevent further spread of coronavirus. In the Republic […]
Read more COVID-19 North Macedonia Update
North Macedonia Announces Tax Measures to Curb the Impact of COVID-19
Last Updated on 25 March 2020 at 12:30 CET On 18 March 2020, the President of the Republic of North Macedonia declared a state of emergency due to the COVID-19 outbreak throughout the entire territory of the country for 30 days, with the possibility of extension. The Ministry of Finance of North Macedonia announced […]
Read more COVID-19 Montenegro Update
Tax-Related Measures introduced in Montenegro due to COVID-19 Outbreak
Last Updated on 25 March 2020, 12:00 CET Unlike most of the countries in the region, Montenegro did not yet declare a state of emergency, nor declare an epidemic of COVID-19. Furthermore, the Montenegrin authorities did not introduce many tax-related measures in other to curb the effects of the coronavirus outbreak. In terms of wording, […]
Read more COVID-19 Bosnia and Herzegovina Update
Changes to Tax Regulations in Bosnia and Herzegovina due to COVID-19 Outbreak
Last Updated on 25 March 2020, 12:00 CET The Government of Federation of Bosnia & Herzegovina (FBH) announced that the Ministry of Finance is working on the reduction of the corporate income tax rate of up to 50% on 16 March 2020, because of the current situation. It has also been announced that all […]
Read more