With the state of emergency declared on March 15, 2020 and the discernible impact of the COVID-19 pandemic on Serbian industry, the authorities are trying to navigate the crisis as best as they can to help the Serbian economy survive. The key to this effort is preserving the stability of public finances, which may be done by revoking earlier incentives given to certain industry branches. For instance, the authorities might decide to discontinue subsidies offered to privileged electricity producers in order to preserve the economy. But what would be the consequences of such measures? Subsidies in the energy sector […]
DetailsWe are pleased to share the TerraLex Coronavirus Business Response Resource Center with you. It is a compilation of business solution resources from TerraLex members, some of the finest and best ranked firms, from around the globe relevant to contracts, labor, business continuity, etc. TerraLex and its members understand that in the rapidly evolving challenges posed by coronavirus and the prospect of recessionary times ahead, businesses are struggling with a variety of issues and looking to their trusted advisors for help. This Resource Center functions just like our cross-border guides. Visitors can select specific topics of interest and specific jurisdictions […]
DetailsAs the COVID-19 virus spreads worldwide and with Europe currently considered to be the hotbed of the pandemic, an increasing number of institutions are opting for remote work as a measure to curb the spread of the virus. In this regard, the Energy Community has imposed temporary measures to limit access to its premises to prevent the spread of the COVID-19 virus. Namely, the Energy Community Secretariat will be closed to the public until March 27, 2020 at the earliest. Therefore, all hearings will be de facto postponed. Furthermore, events scheduled for March and April will mostly be held online […]
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