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To a great extent, economic development depends on the possibilities of a country to attract investments and stimulate a better business climate within the country. One of the substantial and deciding factors that influence the achievement of this strategic goal, given that the infrastructural sector is the largest sector of a country, is a faster and more efficient issuance of construction permits. A long-lasting problem of construction permits issuance, a problem that the Republic of Serbia was faced with, resulted in the deterioration of micro and macroeconomic factors and thus the decrease of GDP, poor business climate and lack of investments. After the reform of the issuance of construction permits and a substantial reduction of the procedure owing to the electronic system introduced, the construction and infrastructure sectors are recovering, investments are increasing and Serbia is becoming a leader in terms of the duration and manner of construction permit issuance. This paper analyzes the performance, results and the overall impact of the reform of construction permits issuance on the development of the country, and states a clear goal of the Republic of Serbia to pursue further reforms in the sector of infrastructure and to enhance business climate, attract foreign investments, all of which leads to a faster and more efficient growth and development. The paper also reflects on possible bottlenecks in achieving the aforementioned goal, which need to be overcome as a long-term or possibly short-term goal.

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Electronic construction permits as a prerequisite of investment growth and global leadership of Serbia in the issuance of construction permits: Analysis of effects and critical points of progress