Infrastructure & Projects

The year 2022 star­ted with vari­ous chal­lenges, in­clud­ing rising in­fla­tion and en­ergy prices. Then the Rus­si­an in­va­sion of Ukraine ad­ded yet an­oth­er one. Non­ethe­less, the M&A mar­ket in emer­ging European coun­tries proved to be ex­tremely re­si­li­ent. The re­gion saw M&A activ­ity main­tain a steady pace, though deal val­ues were not­ably lower. Also, vari­ations could be ob­served across ter­rit­or­ies and sec­tors. While 2022 brought a unique set of chal­lenges, deal­mak­ing largely com­pared fa­vour­ably to pre-pan­dem­ic levels.Wel­come to the 2022/23 edi­tion of the Emer­ging Europe re­port.

The year 2022 star­ted with vari­ous chal­lenges, in­clud­ing rising in­fla­tion and en­ergy prices. Then the Rus­si­an in­va­sion of Ukraine ad­ded yet an­oth­er one. Non­ethe­less, the M&A mar­ket in emer­ging European coun­tries proved to be ex­tremely re­si­li­ent. The re­gion saw M&A activ­ity main­tain a steady pace, though deal val­ues were not­ably lower. Also, vari­ations could be ob­served across ter­rit­or­ies and sec­tors. While 2022 brought a unique set of chal­lenges, deal­mak­ing largely com­pared fa­vour­ably to pre-pan­dem­ic levels.Wel­come to the 2022/23 edi­tion of the Emer­ging Europe re­port.

The co-Head of the Real Es­tate and Con­struc­tion prac­tice at CMS Bel­grade and CMS Podgor­ica, Mar­ija Marošan, has been pro­moted to Coun­sel after more than 12 years of ad­vising in­ter­na­tion­al com­pan­ies on real es­tate and con­struc­tion law mat­ters. Mar­ija Marošan star­ted her leg­al ca­reer after ob­tain­ing her mas­ter’s de­gree in Land Man­age­ment from Kunglinga Tekniska Hög­skolan in Stock­holm, in a reput­able law of­fice in Bel­grade. Since join­ing the team of CMS in Bel­grade in 2013, she has been provid­ing leg­al sup­port to pre-em­in­ent cli­ents on some of the largest and highly com­plex and sens­it­ive real es­tate and en­ergy pro­jects both in Ser­bia and in Montenegro. Her ex­tens­ive ex­per­i­ence in­cludes ad­vising cli­ents on the prop­erty de­vel­op­ment, sales and ac­quis­i­tions, leas­ing, con­struc­tion (in­clud­ing zon­ing, per­mit­ting, FID­IC and oth­er forms of con­struc­tion con­tracts), con­ver­sion, etc.  Mar­ija also has an ex­tens­ive track re­cord with re­new­able en­ergy and in­fra­struc­ture pro­jects both in Ser­bia and in Montenegro and has ad­vised nu­mer­ous cli­ents re­gard­ing real es­tate and reg­u­lat­ory as­pects of the de­vel­op­ment, op­er­a­tion, and fin­an­cing of re­new­able en­ergy and in­fra­struc­ture fa­cil­it­ies, en­ergy ef­fi­ciency pro­jects, PPPs. Her ad­mir­able work and ded­ic­a­tion to provid­ing ex­cel­lent ser­vice to cli­ents and her out­stand­ing ex­pert­ise have led to her be­com­ing the co-Head of the Real Es­tate and Con­struc­tion prac­tice at CMS Bel­grade and a very prom­in­ent mem­ber of the En­ergy and Cli­mate Change team. She shares her ex­pert­ise and know-how and provides in­valu­able sup­port to the CMS team in North Mace­do­nia in ad­vising on com­plex mat­ters of law rel­ev­ant to vari­ous re­new­able en­ergy pro­jects. We are proud to an­nounce this new step in Mar­ija’s ca­reer and wish her con­tin­ued growth and suc­cess with­in the CMS fam­ily!