The Assembly of the Republic of Kosovo today approved at first reading two draft laws proposed by the Ministry of Industry, Entrepreneurship, Trade and Innovation, which relate to the development of innovation and entrepreneurship, as well as the regulation of payments in commercial transactions.
The Draft Law on Innovation and Entrepreneurship was approved with 73 votes in favour. This draft law sets out the principles and institutional mechanisms for supporting, promoting and fostering innovation and entrepreneurial activities, creating a better basis for the development of new ideas and innovative businesses.
Meanwhile, the Draft Law on Late Payments in Commercial Transactions was approved with 62 votes in favour. Its purpose is to prevent delays in payments and establish clear rules on payment deadlines and the interest applicable in the event of delays in commercial transactions.
The two draft laws represent steps towards creating a more regulated environment for businesses, aiming to support innovation and entrepreneurship, as well as strengthen the rules for timely payments in commercial transactions.
