The Serbian Competition Authority issues its first recovery order since the enactment of the Serbian State Aid Control Act (Geox)

The first recovery order since the enactment of the Serbian State Aid Control Act was issued on 1 November 2021. It directs the Ministry of Finance to recover from the Serbian subsidiary of the Italian shoe-maker Geox a total of approximately RSD 414 million (approx. EUR 3.5 million), with default interest running from two different dates in 2016. The proceedings were initiated on 5

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Tijana Kojović, The Serbian Competition Authority issues its first recovery order since the enactment of the Serbian State Aid Control Act (Geox), 1 November 2021, e-Competitions November 2021, Art. N° 104229

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