Serbia's implementation of the new law on planning and construction should begin immediately upon adoption in December and it will considerably improve the business environment, which will attract new investors and boost the country's overall economic growth, Serbian Deputy Prime Minister and Minister of Construction, Transport and Infrastructure Zorana Mihajlovic.
She said that the aim is for the stake of construction industry in the country's GDP to increase from the current four to seven percent in 2017.
Presenting the amendments to the law in the Serbian Chamber of Commerce on Saturday, Mihajlovic said that the new law will introduce a simplified procedure and the construction permits will be issued in 28 days.
The average waiting period for construction permit to be issued now adds up to 216 days and in some cases it can take five to seven years which is unacceptable, she said.
Another novelty in the law is that cities will need to have a chief city planner who will be in charge of coordinating the tasks concerning construction, and investors' costs will be reduced by 20 to 40 percent by defining the criteria in establishment of contributions for construction land development, the minister said.
According to her, the bill will be filed to the parliament by the end of the next week and all bylaws necessary for the implementation of the new law will be adopted by February 15.
We also expect electronic construction permits to be introduced in the second half of the next year, Mihajlovic said reports Tanjug.
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