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Foreign Direct Investment Promotion in Kosovo Category: Project Period: November 2006 - November 2009 Donor/Client: Austrian Development Agency (ADA) / Kosovo Government Project Website: www.ipak-vienna.org Due to its unresolved political status, Kosovo has in previous years attracted a low amount of foreign direct investments (FDI). International aid provided since 1999 has to some extent enabled the reconstruction, but has unfortunately failed to create sustainable economic development. The most important issues for the coming years in Kosovo will be country’s economic growth and the fight against poverty and unemployment. FDI are the most efficient tool to create new jobs in Kosovo and to pave the way for a sustainable economic development in the future. Hence, the main goal of this project is to reduce the poverty and to contribute to economic development by actively stimulating and facilitating the FDI. The Economic Initiative for Kosova – ECIKS, who is implementing this project, is achieving this through a pro-active identification of potential investors in the German-Speaking countries and directly stimulating them to invest in Kosovo by providing all relevant information and assistance. To ensure a wide institutional support, ECIKS is acting within this project as a branch office for the German-Speaking Countries of the Investment Promotion Agency of Kosovo (IPAK). The project is foreseen to last 3 years with the possibility of extension for additional 3 years. It is financed by the Austrian Development Agency (ADA) and supported by: Ministry of Trade and Industry of Kosovo ADA – Business Partnerships Raiffeisen International & Raiffeisen Kosovo Wirtschaftskammer Österreich MIGA / IIWB (World Bank) Vienna Economic Forum Institut für Donauraum und Mitteleuropa Chamber of Commerce of Kosovo Kosovo Trust Agency ECIKS strongly believes that foreign investments, as a trigger for economic development, will bring employment, new businesses and will promote the transfer of new technological and managerial know-how to Kosovo. In the long run, they will contribute to the sustainable economic growth of Kosovo and make it a huge winner. Kosovo has great potential to become a favoured destination for FDI and to attract capital, information and technology. The Vienna Office of the Investment Promotion Agency of Kosovo, which is implemented by ECIKS, is committed to give its contribution towards attracting FDI for Kosovo. |
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