Serbia is facing serious difficulties in the economic sphere and its recovery will depend on the development of private sector activity and investment and a further pick-up in exports. However, this will require a significant improvement in the quality of the business environment. Building on other initiatives aimed at facilitating cross-border trade and exchange of goods and services in the Western Balkans, the regional business registries portal will facilitate cross border economic activity by enhancing transparency and by making it easier to access information about companies in other countries. Improving access to up-to-date and trustworthy information on companies could encourage greater confidence in the market, help recovery, and increase the competitiveness of Western Balkans’ businesses. The measure should also improve cross-border communication between registries by using the current innovations in information and communication technology. This TC project will support the Serbian Business Registration Agency (SBRA) (the “Client”) in the establishment of the regional business registries portal in the Western Balkans through funding for the development of the IT infrastructure. The SBRA, is the regional leader in quality and complexity of its operations and is well placed to be at the forefront of an initiative to establish a regional Western Balkans registry portal. Such a portal would support the more than five thousand companies which are active in more than one country in the region by linking up the business registries of the participating countries. Beginning with Serbia and FYR Macedonia, the aim is to expand the portal to incorporate a broader range of national registries in the Western Balkans. The portal initially will provide the following fee-based services: financial statements of companies; company portfolios (e.g. basic company data like name, seat, owners, core activity, capital); statistical reports based on quantitative analyses of the financial statements of a company (e.g. liquidity ratio, profitability ratio, ROE, ROA); financial indicators/ratios of a company compared with the national industry averages; financial indicators/ratios of a company compared with the internal averages.
Western Balkans’ economic integration is a strategic priority of the Bank and one of the key milestones on the path to EU approximation. On the 25th September 2015, the EBRD President Sir Suma Chakrabarti and Serbia’s Prime Minister Aleksandar Vučić signed a Memorandum of Understanding (MoU) on the EBRD’s Investment Climate and Governance Initiative (ICGI) for Serbia. The MoU provides a framework for cooperation between the Government and the EBRD in the development and implementation of the ICGI for Serbia with the aim of reducing the informal economy and enhancing competition, stimulating the resumption of credit growth, strengthening corporate governance and management practices, supporting privatisation, and stimulating investment in infrastructure. Under the MoU, the EBRD committed to “strengthen transparency by supporting the SBRA to establish a regional registries portal in the Western Balkans region”.
Enhanced transparency and increased access to information in the Western Balkans’ markets.
TC Recipient Information
Serbian Business Registry Agency (SBRA).
Shareholders' Special Fund
Any competitive selections for business opportunities relating to this project will be published on the EBRD's website: Consultancy Procurement Opportunities.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Access to Information Policy (AIP)
The AIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations following its entry into force on 1 January 2020. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.
Specific requests for information can be made using the EBRD Enquiries form
Independent Project Accountability Mechanism (IPAM)
If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).
IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.
Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate; how to submit a Request for review; or contact IPAM via email email@example.com to get guidance and more information on IPAM and how to submit a request.