Regulatory environment quality in Serbia 2024/2025

Monitoring regulations and tracking legislative changes are of essential importance for businesses, as it is precisely the regulations that define the rules of market operations. A stable and predictable business environment that fosters economic development implies consistent application of laws, efficient administration, open and transparent communication with public authorities, as well as an economic policy that does not undergo frequent and abrupt changes. Given the significance of these elements for the functioning of the economy, NALED has developed the Regulatory Index of Serbia (RIS), a tool that enables its members and the general public to gain clearer insight into the quality of the process of lawmaking and implementation.

RIS is a composite index made up of six components, with each component tracking a specific phase of the legislative process and consisting of multiple individual indicators (a total of 25):

1. Planning the adoption or amendment of laws is a prerequisite for the predictability of the regulatory environment in the Republic of Serbia – Component 1: Regulatory Predictability
2. Pre-regulatory impact assessments contribute to the decision being grounded and well justified, i.e., to the adoption of regulations with the best cost-benefit ratio – Component 2: Quality of Regulatory Drafting
3. The quality of stakeholder involvement reflects the level of transparency and openness in the process of preparing and adopting legislation – Component 3: Public Involvement in the Lawmaking Process
4. The manner of law implementation is primarily reflected in the efficiency and timeliness of adopting by-laws that enable the application of laws – Component 4: Timeliness of Law Implementation 
5. Institutional openness during law implementation, which shows whether and to what extent institutions are open to resolving uncertainties related to laws within their jurisdiction during the implementation process – Component 5: Institutional Responsiveness
6. Monitoring the effects of laws, primarily the extent of regulatory burden imposed by laws – Component 6: Regulatory Burden