In the process of preparation for membership of the European Union (EU) Western Balkans countries are obliged to harmonize their legal system with the EU law and with the rules providing the functioning of the EU internal market. The provisions regulating the banking sector are highly important...

The global financial crisis has been threatening the banking world since 2007. The erosion of profits and rising losses of banks have been the inevitable consequence of this crisis. "The decline in bank profits was a global phenomenon" (BIS, 2009). Consequential decline in profitability during...

This paper studies relative banking efficiency in three Balkan countries: Croatia, Serbia and Slovenia. Firstly, we analyze different financial transition paths which account for present situation and have an impact on efficiency. We equally go through some macro- and micro- economic indicators...

Since its creation in 1957, the European Union (EU) has 27 member states today. The process of the enlargement of the EU is not finished yet, and the EU opens its doors to the other countries, mainly Western Balkan countries – so Serbia is the part. We present here the actual situation of the...

It is clear that globalization and internationalization are the processes that have not emerged today, but what is emphasized in this paper is the impact that these processes have on the social, technological, political and economic rebuilding of the modern world order. The paper elaborates on...

The Republic of Serbia has declared accession of the European Union to be the main strategic goal and recognized the EU Sustainable Development Strategy as a guiding framework for the future development. In the first commitment period of Kyoto Protocol (2008-2012) the Republic of Serbia, as...

Serbia had, when started its process of European integration in 2000, relatively high level of external debt amounting to 132% of GDP. All liabilities were practically inherited Government external debt since private sector during the period before 2000 even did not have the opportunity to take...

The main task of competition policy is to ensure and preserve the functionality of the market by providing equal business conditions and equal opportunities for the success to all market participants. A prerequisite to satisfactory results in this field is institutionally defined and completed...

Paper presents discussions on globalization of “Invisible Hand” of Market rules, and case study of Innovation Law in Serbia. Criticism of un-controlled spread of idea of neo-liberal capitalism throughout of transition countries, i.e. countries without knowledge and experience about market...

Financial crisis, as shown in this moment, can provoke great economic and social damage which hurts trade. The cost of essential financial service is getting higher than usual, while their availability is reduced, which is reflected indirectly through depressing aggregate demand. The most...