Home
About ECIKS
Projects
News
Investing
Publications
Services
Forum
Archives
Staff
Contact
Links

Terms of use

Shqip
English


Pages optimized
for the resolution:
1024 x 768

Programed by:


 
 
 

| All | Kosovo | Region | World |

 

Kosovo: Trepça to be sold, to pay back its debts


Prishtinë, Sept 22, 2006 - Officials of UNMIK Pillar IV and the Kosovo Trust Agency (KTA) have decided to put Kosovo’s largest mine and metallurgic plant Trepça on sale soon, in order to be able to pay back company's debts to the creditors.

“Trepca will be sold through special spin-off, at the amount of €200 million, as much as the debts towards the creditors count,” said a high official of UNMIK Pillar IV for the Kosovar daily Koha Ditore.

Another source from KTA was quoted to say that some units of Trepça, which are not currently at use, would be sold initially, while the mines would be privatized within a three years’ period.

Nazmi Mikullovci, Manager of Trepça Southern and member of the Trepça Advisory Board, said that many parts of Trepça would be privatized, but the mines and metallurgy require special consideration. He also noted that the creditors’ claims mostly relate to the period when Trepça was administered by the Serbs.

Officials of the KTA, on the other hand, said the final decision on the privatization of Trepça has not been taken yet. The international administrator would be assigned the duty of developing a strategy and part of this strategy would be the privatization of this SOE.

ECIKS
 
| All | Kosovo | Region | World |
 

 

| Site Map | About ECIKS | Home | Projects | News | Investing | Publications | Services |
| Contact | Staff |
Terms of use | Links |
| Archives | Albanian | English |

Copyright 2003 - 2005 @ Eciks.org
Reproduction in whole or in part without written permission is strictly prohibited.




 

Background information for foreign investors

Kosovo: General Information
Kosovo: Key economic indicators
Why do business in Kosovo?
Legal Framework in Kosovo
KTA and Privatisation in Kosovo



Latest News and Analysis

BNP Paribas Bank enters Kosovo
Kosovo to prepare for negotiations to join WTO
Kosovo: 200 million EUR investments by Telecom Slovenia
Kosovo: 2008 – the year of economy
Kosovo Government to finance the new highway



Current publications

Company Foundation, Taxes and Employment Law in Kosovo
Company Foundation and Taxes in Kosovo
Potential of economic sectors and enterprises in Kosovo
Program of Recovery and Production in Ferronikeli (in English)
Guide for starting new companies / enterprises in Kosovo (Updated version)

 


ECIKS E-Mail