Legal Acts in English

State aid shall be each and every actual or potential public expenditure or realized decrease in state revenue, granted by the state aid provider, in any form, with which a certain market participant is placed into a favourable market position with respect to the competition, or advantage is given to the production of specific goods and/or services, which undermines or threatens to undermine market competition and affect the trade between the Republic of Serbia and the European Union member states.

State aid scheme is a set of all regulations which pose basis for the granting of state aid to those beneficiaries who are not predetermined (known), i.e. drafts, or regulation proposals, who, once passed, shall pose basis for the granting of state aid to beneficiaries who are not predetermined (known).

Individual state aid shall be the aid granted based on the acts of the state aid provider to a predetermined beneficiary or aid provided to an individual beneficiary, granted based on the state aid scheme, and which implies an obligation of reporting, in line with this Law.

State aid may be granted to the following instruments:

1) subsidy (grants) or subsidized interest rate on loans;

2) fiscal relief (reduction or exemption from payment of taxes, contributions, customs and other fiscal levies),

3) state guarantees, each legal entity disposing of and/or managing public funds or other state aid provider, granted under conditions more favourable than market ones,

4) waiving profit and/or dividends of a state, local self-government or legal entity managing or disposing of public funds,

5) debt cancellation to a state, local self-government unit or a legal entity governing or disposing of public funds,

6) sale or use of property in public property, at a price lower than the market one,

7) purchase or use of property at a price higher than the market one, by the state, local self-government unit or a legal entity governing or disposing of public funds, and

8) other instruments in line with this Law.