INVESTMENTS IN THE KOSOVO
As a new state, Kosovo offers various investment opportunities in sectors such as agriculture, food processing, construction, the IT, automotive parts, energy and mining.
Already a member of CEFTA (Free Trade Agreement Central Europe), which includes, among others, Albania, Bosnia-Herzegovina, Croatia, FYROM, Moldova, Montenegro and Serbia , Kosovo has the relative advantages that arising from it.
The local government is interested in attracting more foreign direct investments in the construction industry, the construction of roads, building households in new areas and energy projects.
Recently, it was announced that the government of the Kosovo intends to submit a new package of measures aiming to make the business environment more attractive for the foreign investors.
The objective is for Kosovo to occupy a good place in the list of the 40 best countries for investments.
To achieve this goal, the government is preparing a package of measures concerning primarily, the basic operation of business, from its inception until its full development. In this context, it is moving towards reducing bureaucratic procedures by simplifying them, removing at least half of the necessary documents, improving the legal framework and creating an electronic database, in which all the companies will be registered, aiming to protect investors and transparency.
|
KOSOVO |
2014 |
|
G.D.P. in purchasing power terms (billion $) |
$16,92 |
|
G.D.P. in nominal values (billion $) |
$7,319 |
|
G.D.P. growth in 2014 |
2,70% |
|
Investments in fixed assets as % of the G.D.P. |
28,20% |
|
Inflation rate |
0,40% |
|
Total borrowing of the economic units (bil. $) |
$2,02 |
|
Exports (mil. $) |
$349 |
|
Imports (bil. $) |
$2,687 |
|
Total Foreign Direct Investments (bil. $) |
$21,2 |
|
Work Force |
483.200 |
|
Unemployment rate |
30,90% |
|
% of people under the poverty threshold |
30% |
|
Energy production (bil.) |
5,324 kWh |
|
Energy consumption (bil.) |
2,887 kWh |
|
State budget incomes (bil. $) |
$1,396 |
|
State budget expenditures (bil. $) |
$1,61 |
|
State budget deficit as a % of the G.D.P. |
-2,90% |
|
Tax incomes as a % of the GDP |
19,10% |
|
Public Debt as a % of the GDP |
10,60% |
|
Foreign Debt (mil. $) |
$411,6 |
|
Lending interest rate of commercial banks |
12,80% |
|
Corporate tax rate |
10% |
|
Highest income tax rate |
10% |
|
Highest VAT rate |
16% |
The government aims to achieve a GDP growth rate of 4% in 2016 and 2017.
For the Greek business, Kosovo is the "active” El Dorado in the Balkans, firstly because of the fact that foreign capital makes its first steps, secondly due to the fact that the country is under the protection of the U.S. and there are needs across the whole range of consumer goods and infrastructure. Furthermore, the institutional framework is more than attractive, as long as relevant moves are made with caution.
INVESTMENTS IN BALKAN AREA
NEWS & CONTACT
Do you know that...
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The World Bank said it expects the economies of Southeast European (SEE) countries to grow at a sluggish pace in 2011 and 2012. The World Bank said that the effects of a further global slowdown and the prolonged uncertainties around the Eurozone crisis will influence SEE economies through trade, foreign direct investment, foreign banks, and remittances.
