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Chapter 4 – Free movement of capital

Chapter 4 – Free movement of capital was opened on 24 June 2014.

Free movement of capital enables the free flow of capital within the EU, facilitates cross-border trade, contributes to the mobility of workers, facilitates the collection of capital required for launching business and growth of businesses, as well as the functioning of an integrated, open, and efficient internal market, which is in the best interest of all EU citizens. This Chapter prescribes the rules of free movement of capital between the Union Member States, which includes removing all restrictions on capital movement and payments.

To align the legislation with the acquis in this chapter means adjusting the national legislation and capital markets with the conditions necessary for the free flow of capital, non-discriminatory exercise of property rights, and actions aimed at fighting money laundering. For citizens, this means the freedom to open bank accounts and buy shares in other countries, invest and buy property where they find it the most cost effective. For companies, this means the freedom to invest in and own European companies and participate in their management. For state institutions, this freedom means lower credit rates, which considerably facilitates financing the costs of education, health, and all types of public spending.

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Chapter 4 - Working Group

Negotiator

Negotiator

Negotiator

Head of the WG

Head of the WG

Head of the WG

Secretary of the WG

Secretary of the WG

Secretary of the WG

The working group was established in December 2012. The negotiator for this Chapter is Nikola Fabris, Vice-Governor of the Central Bank, and the head of the working group is Marijana Mitrović-Mijatović, Director of Research and Statistics Sector at the Central Bank. Secretary of the working group is Milena Biro of the MFAEI. The working group comprises 33 members (29 from state institutions, 4 from the civil society).

 

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