The deadline for applications by hoteliers from the private sector to exercise the right to receiving subsidies through non – refundable funding expires on September 15, 2020

10.09.2020.

On September 1, 2020, the Ministry of Trade, Tourism and Telecommunications of the Republic of Serbia issued a public call for distribution of subsidies to support the operations of the hotel industry in Serbia affected by business difficulties caused by the epidemic of COVID-19 caused by the SARS-CoV-2 virus. The public call will be in place until September 15, 2020, and the funds for the distribution of subsidies in the maximum amount of 1,460,000,000 dinars are allocated by the Law on the Budget of the Republic of Serbia for 2020.

The right to receive subsides through non-refundable funding may be exercised by hospitality services providers from the private sector whose hotels are categorized and who perform activities on the territory of one of the 70 local self-government units.

Funds are allocated in the amount of 350 euros per individual bed and 150 euros per accommodation unit in dinar counter value calculated at the middle exchange rate of the National Bank of Serbia on the day when the funds are allocated.

Entities undergoing bankruptcy proceedings, which are in the process of financial restructuring or liquidation, or are undergoing any procedure relating to prepackaged reorganization plans may not apply for the non-refundable funds.

Entities that reduce their number of employees by more than 10% in the period from August 15, 2020 to December 31, 2020 will lose their right to subsidies through non-refundable funding.

More news

5 things every employer needs to know about the new Information Security Law

Cyber attacks, ransomware incidents, data leaks and email fraud are no longer problems reserved only for large corporations. The increasing digitalization of business has led to information security becoming one of the key risk management issues in every organization.

This is precisely why the new Information Security Act was passed, which significantly expands the obligations of companies and brings the domestic regulatory framework closer to European standards, and above all with the European NIS2 Directive, which sets a higher level of obligations in the field of cybersecurity.

Below, we highlight five of the most important things that every employer should know.

Key novelties of the Law of the Central Register of Ultimate Beneficial Owners

In March 2025, the National Assembly of the Republic of Serbia adopted a new Law on the Central Register of Ultimate Beneficial Owners, the provisions of which will mostly come into effect on September 14, 2026. This law aims to increase business transparency and prevent abuses in the financial sector, particularly in the areas of anti-money laundering and counter-terrorism financing.

The Law on Safety and Health at Work: Key Changes and Obligations of Employers

The Republic of Serbia has adopted a new Law on Occupational Safety and Health (hereinafter: the Law), which came into force on May 7, 2023. Employers are required to fully harmonize their operations with the new regulations by May 7, 2025, or by January 1, 2026, at the latest.

This law introduces significant changes aimed at improving worker protection and aligning with European standards. Non-compliance may lead to serious consequences, including substantial financial penalties.