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Business and Economy

BNP Paribas Bank enters Kosovo

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Prishtina, 9 October 2007 – Central Banking Authority of Kosovo has preliminary licensed a French-Turkish bank to operate in Kosovo.

Half of new Bank’s capital belongs to French Bank Paribas, while the other half to the Turkish bank Teb Mali Yatirimlar A.S.

BNP Paribas bank operates in over 85 countries and has 141.900 employees.

ECIKS

Kosovo to prepare for negotiations to join WTO

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Prishtina, 8 October 2007 - The World Trade Organization (WTO) has recommended that Kosovo Government prepares negotiations to join the organization. The main countries in WTO have welcomed Kosovo’s initiative to start negotiations on a possible membership.

Minister of Trade and Industry (MTI), Bujar Dugolli, who represented Kosovo at the WTO conference in Geneva, said Kosovo is in a better position to become member of the organization compared to many countries.

Kosovo: 200 million EUR investments by Telecom Slovenia

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Prishtina, 5 October 2007 - According to the daily newspaper "Koha Ditore", officials of the winner for the second mobile phone operator tender in Kosovo, the consortium “Telekom Slovenia/Mobitel” and “Ipko Net” informed that SIM numbers will be launched by the end of the year.

According to Akan Ismaili, the director of the Kosovar partner Ipko Net, over €200 million of investments are being made and most of the amount will be paid by the main shareholder, Telekom Slovenija. “Our network will be one of the fastest built GSM networks in Europe. We are committed to our work in order to offer our product by the end of the year,” said Ismalji.

He added that services this operator will bring on the Kosovo market are similar to those of Telekom Slovenia, which is one of the most sophisticated mobile operators in Europe.

Drition Halili, Head of Vala, a mobile phone operator of Kosovo Telecom (PTK), said that PTK and Vala are welcoming the competition and are ready to compete in the market.

ECIKS

Kosovo: 2008 - the year of economy

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Prishtina, 2 October 2007 - Kosovar Minister of Trade and Industry (MTI), Bujar Dugolli has told Kosovar media that year 2008 is expected to be a year of investment and economy in Kosovo. According to him, the progress achieved up to now has improved internal trade, fight against unfair competition, consumers’ protection and many other fields.

Minister Dugolli is convinced that the year 2008 will be a good year for investments and economy due to the application of legislation in accordance with EU. Bearing in mind that Kosovo is in the CEFTA zone, it will have better opportunities to export and obtain foreign investments. Furthermore, Kosovo will have an excellent economic perspective.

ECIKS

Kosovo Government to finance the new highway

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Prishtina, 1 October 2007 - According to the Kosovar daily "Koha Ditore", the Kosovo Government has decided on new steps related to the construction of the Merdare-Morine highway, connecting Kosovo with the neighbouring Albania. The complete process of land expropriation will be financed by the Kosovar Government with 50 million EUR, whereas another 200 million EUR from the budget, according to the Mid-Term Expenditure Framework 2008-2010, will be used as potential investment for the highway.

The Ministry of Economy and Finance (MEF) did not include the specific highway project in its project financing plan so far. Minister of Economy and Finances, Haki Shatri previously said that the Government will not spend any money on the highway. But, the Minister of Transport and Post Telecommunication (MTPT), Qemajl Ahmeti, confirmed the opposite by saying that the project can be implemented with the money from the Kosovo Consolidated Budget, since the average amount of investment is 100 million EUR per year. The highway is planned to be constructed within the next 5-6 years.


ECIKS / Koha Ditore

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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