For Serbia the first decade of the twenty-first century, following the change to a democratic regime in October 2000, was marked by the transition to a market economy, privatisation and restructuring. Industrial relations are regulated by the comprehensive body of labour legislation, the pillar of which is the Labour Code, adopted in 2005. Almost the entire body of labour legislation has been rewritten since 2001 in order to support the transition to a market economy, but also with a view to complying with the relevant requirements and regulations of European Union and standards of the International Labour Organization.

(©European Foundation for the Improvement of Living and Working Conditions, 2012, Dublin Ireland, http://www.eurofound.europa.eu/pubdocs/2012/155/en/1/EF12155EN.pdf)