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: Privatization process successful


Prishtina, 21 December 2006 - All written and broadcast media reported on the last press conference held by UNMIK Pillar IV for the year of 2006.

Officials of Pillar IV informed on the privatization process having created some 2,600 new working places and another 6300 once new owners fulfill their promises.

For Head of UNMIK Pillar IV Paul Acda and KTA managers, the year of 2006 has been successful for Kosovo’s economy. Furthermore, the developments in the publicly and socially owned enterprises have provided a boost for the economic development of Kosovo, reported RTK and KTV.

“The energy sector is a difficult one, but the best news for Kosovo’s future is that Kosova C project has been launched with the substantial assistance of World Bank in this project,” stated Acda.

“We have signed 222 contracts and collected some €250m this year. The sales of SOEs only in 2006 provided the sum of €154m,” stated KTA Managing Director Jasper Dick.

KTA Deputy Managing Director of POE Division Ilir Salihu said that the three main objectives for 2006 have been achieved. “These include the completion of the process of incorporation of the major POEs and the start of incorporation process in the water, waste and irrigation enterprises, further improvement of POE corporate governance and kosovarisation of POE management,” stated Salihu.

The dailies also report that the officials did not count the failures of privatization such as was the case with Brezovica Resort Complex and the problems caused by the Trepca creditor claims. According to TV21, the officials claim that the delays in privatizing this SOE are caused by the political decision.

“New York perceived that there was an overwhelmingly negative perception of privatization with the local population around Brezovica. Hence, it has been postponed until after the definition of Kosovo status,” stated Dick.

Acda praised the privatization of several great SOEs, including Ferronikel, Grand Hotel, Rahovec Vinery and Peja Brewery. KTV quotes Jasper Dick as praising the allocation of the workers’ 20%. “We paid €9m to the workers, €5m only in the last three months,” stated Dick, reported KTV.

Regarding the energy situation, “KEK can only produce energy as much as its existing capacities allow. It is a matter of Kosovo Government to ensure necessary funding for the import to cover the needs,” stated Salihu.

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