Regional Business Registers Portal (BIFIDEX) Starting to Operate

July 24, 2019

Regional Business Registers Portal (BIFIDEX) Starting to Operate

July 24, 2019

Nevena Milošević

Nevena Milošević

Associate

BIFIDEX (Business and Financial Data Exchange) is the service delivery platform of the Regional Business Registry Portal (RBRP) which, as of March 2019, has officially started operating.  This portal offers transparent and easy access to information regarding the companies in the Western Balkan countries.

The project of RBRP was made possible by the financial help of the European Bank for Reconstruction and Development and is currently running in Serbia and North Macedonia.  Still, other Balkan countries have also shown interest in becoming a part of the portal, best noticeable in the case of Montenegro and Republic of Srpska which have on the 3 of July 2019 signed the Annex to the Agreement on establishment of the portal and became members of the Management Board of the SEE Business Registries Portal.

The two main databases from which the portal gets their data is the Serbian Business Registers Agency (SBRA) and the Central Register of the Republic of North Macedonia (CRM).  Together, in the past two years, they have made joint e-services based on a unique methodology where BIFIDEX is connected to SBRA and CRM.  Business registries from Montenegro and Republic of Srpska, Bosnia, and Herzegovina are also to be included on the portal in the future.

The main points of the portal are to get up to date information regarding any and all companies working in Balkan countries – making an electronic record base with business and financial data on more than 500.000 companies and to build a stable, joint and grow oriented market which surpasses borders between the Balkan countries.

Legal Intern, Aleksandra Bijeljac, contributed to this article.

This text is for informational purposes only and should not be considered legal advice. Should you require any additional information, feel free to contact us.

Contact:

Nevena Milošević , Associate
nevena.milosevic@sog.rs

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