EC says Bosnia makes partial progress in legal harmonisation.

By bne IntelliNews May 14, 2010
The European Commission (EC) concluded that the country had made only partial progress in harmonising the national legislation and transposing the EU legislation related to the internal market and competition. EC acknowledged that the country made some progress in law transposition in the banking sector, insurance and other financial services, but called for better harmonisation of legal acts and their implementation between the two entities. According to the commission, banking supervision on state level was not ensured, which was a drawback, while the public procurement regime needed additional approximation. Authorities achieved good progress in the area of intellectual, industrial and commercial property rights but better coordination in the enforcement of these rules was still a challenge. A certain progress had been made with regard to freedom of establishment, but the procedures for registering a company should be further simplified in both FBiH and RS, the commission added. EC welcomed the progress made in transposition of the EU acquis in the area of company law, accounting and auditing, which will help create a better business environment. At the same time, EC welcomed the good functioning of the Competition Council, but urged authorities to adopt a law on state aid on state level by July 2010.
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

EUs Sannino invites Bosnian leaders for conciliatory talks on March 22.

The European Commissions director general for enlargement Stefano Sannino has invited the leaders of Bosnias seven main political parties for consultations in Brussels on March 22 in an attempt ... more

Bosnias Serb Republic PPI, CPI inflation eases in Feb 2013.

Growth of consumer prices in Bosnias Serb Republic eased to 0.9% y/y in February from 1.5% y/y in January, as the annual decline of clothing and footwear prices widened, the entitys statistics ... more

Bosnias Federation fails to sell 67% of engineering company Hidrogradnja.

Bosnias Federation has failed to sell its 67% stake in engineering company Hidrogradnja due to lack of investor interest, the entitys privatisation agency said in a statement. The remaining 33% ... more

Follow Us On

Most Read

  1. The models are wrong, climate change is accelerating faster than predicted
    4 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Don't mention the "D" word - Ukraine
    9 days ago
  4. The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
    7 days ago
  5. Europe unlikely to tackle Russian LNG imports anytime soon
    6 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    30 days ago
  2. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  3. BRICS announce a blockchain-based payment system to create a common currency
    1 month ago
  4. Saudi Arabia to scale back plans for Neom city
    19 days ago
  5. Iran vs Israel: Who is better equipped for war?
    16 days ago

Reports

Dismiss