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Business and Economy

Kosovo's Economy: From Consolidation to Sustainability

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Prishtinë, October 22, 2007 - The extensive economic reforms undertaken since 1999 are finally having an impact on the private sector performance. For the first time since 1999, clear signs of sustainable economic growth are visible, and the private sector carries that growth. In addition, as a result of successful privatisation and industrial restructuring, Kosovo again is starting to export the products of its traditional industries where potential for further growth is large. The agricultural sector is also showing signs of growth and improved competitiveness.

In the past several years, many observers stated an ironic disparity between the strong success in the conduct of economic reforms in Kosovo and the weak performance of Kosovo’s private sector. While UNMIK and the local institutions of Kosovo, assisted by bilateral and multilateral donors, have managed to create the foundations of a modern economic system, the performance of Kosovo’s economy remained weak. Thus, it was obvious that even with extensive reforms, results would not occur overnight.

Smugglers from Serbia damage Kosovo's budget

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Prishtinë, October 20, 2007 – UNMIK Customs has organized a visit for journalists to the border crossing point between Kosovo and Serbia, in Zubin Potok. During this event, UNMIK Customs’ officials informed the media about their achievements and the obstacles that they are facing. They said they have managed to decrease the level of smuggling at the crossing points between Kosovo and Serbia, but admitted that there are still many problems, media report.

Kosovo Business Park: Calls for Expressions of Interest

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Prishtinë, October 18, 2007 – The Small and Medium Sized Enterprises (SME) Support Agency of Kosovo, which is an Executive Agency of the Ministry of Trade and Industry has published a Call for Expressions of Interest from Companies wishing to locate at the Business Park in Drenas.

The planned business park of Drenas is located around 20km from the capital Prishtina and 5km from the Prishtina International Airport. The park will consist of 130 hectares, making it one of the most exciting developments in the region. The establishment of this Business Park coincides with a number of other developments such as the construction of the highway from Albania to Kosovo as well as the settlement of the political status of Kosovo.

Italians ready to invest in Kosovo

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Rome, 17 October 2007 - A delegation of Kosovar Ministry of Energy and Mining (MEM), including Minister Ethem Ceku, are visiting the Ministry of Economic Development of Italy. The Kosovar Minister met his counterpart Minister Luigi Bersani, who is also a representative of TERNA, the Italian transmission operator. Minister Ceku informed Minister Bersani on the latest development in the energy and mining sector in Kosovo, including the project for the new power plant, Trepca mines, projects for hydro plants as well as plans for the development of the inter-connective transmission network with neighbouring countries.

Possibilities of co-operation were discussed, in particular on policy for environmental protection and transmission and inter-connection lines, which are in compliance with plans of TERNA for the underwater long distance conductor. The long distance conductor Albania – Italy and/or Montenegro - Italy will supply electricity generated in Kosovo. Bersani showed readiness to finance such conductor of 400 kV for Kosovo-Macedonia that reaches some €20 million. For this purpose, experts of TERNA will continue to find a modality of co-operation.

ECIKS

Kosovo Assembly to deal with Trepça mining complex

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Prishtina, 16 October 2007 – Kosovar daily Koha Ditore reports that the new draft resolution for Trepca mining complex will be passed on for approval to the Assembly of Kosovo next week. This has been announced by the representatives of the Assembly Committee for Economy, Trade, Energy, Transport and Telecommunication.

Anna Wiman

Anna Wiman
Freelance Writer and photographer

Elizabeth Gowing

Elizabeth Gowing
Co-Founder at The Ideas Partnership NGO

Henry H. Perritt Jr.

Henry H. Perritt Jr.
Professor of Law Chicago-Kent College

Drilon Gashi

Drilon Gashi
Comm. Counselor to the Prime Minister

Arlind V. Bytyqi

Arlind V. Bytyqi
Editor-in-chief
New Kosova Report
 

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