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30.06.2011, 23:50
Kosovo: EBRD buys shares in Bank for Business

The European Bank for Reconstruction and Development (EBRD) has become part of the Bank for Business (BpB) after buying 10% of its shares. This has been praised as a positive step both for the banking system of Kosovo as well as its economy.

The purchase agreement was signed on Monday and several representative from important institutions like the Central Bank of Kosovo and the Ministry of Finance were present in addition to the signatory parties.

The Director for Western Balkans at EBRD, Henry Russell, said that, “we will partake with our people in the Board of BpB as well. The task of advancing Kosovo’s market further awaits us ahead.”

Representatives of the Ministry of Finance said that the Ministry and the Government are committed to improving the economic environment for foreign direct investmentes. Whereas representatives from the Central Bank of Kosovo said that the entry of EBRD in Kosovo through BpB is the best signal we can give to foreign investors.

ECIKS / Koha

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