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Promotion of Foreign Direct Investments (FDI) through institutional capacity development of the Investment Promotion Agency of Kosovo
Period: November 2009 - October 2012
Donor/Client: Austrian Development Cooperation / IPAK / ECIKS
Project website: www.ipak-vienna.org
This project represents the second phase of the previous ECIKS project "Foreign Direct Investment Promotion in Kosovo", which was successfully completed in October 2009.
The overall, long-term objective of this project, which is implemented by the Economic Initiative for Kosovo (ECIKS) and financially supported by the Austrian Development Cooperation (ADC), is to contribute to poverty reduction in Kosovo by stimulating economic growth through stimulation of foreign investment promotion. The specific objective is to help the main beneficiary (Investment Promotion Agency of Kosovo – IPAK) with capacity development in order to promote foreign direct investments (FDI) and job creation. As the main beneficiary, IPAK receives technical assistance in order to successfully manage its transformation towards a modern, progressive and pro-active investment promotion agency.
Kosovo’s economy structurally suffers from low levels of productivity and high unemployment, whereas poverty remains high. Poverty reduction is unthinkable without job creation. Country’s private and public sector lack resources for sufficient job creation, unless know-how and capital comes through FDI. Therefore, the project aims at increasing income for Kosovar economy through sustainable FDI inflows, and thus contributing to job creation.
The project will deliver results in two main directions:
First, the Investment Promotion Agency of Kosovo (IPAK) better reaches out and serves potential foreign investors and promotes FDIs. In particular, the project supports IPAK to develop and implement the national FDI Strategy, develop databases on local projects and investment sites, implement a client relationship management system, improve skills of staff through formal and on the job trainings, support the Agency to provide its policy advocacy role, etc.
Second, the awareness and interest of investors from German speaking countries (GSC) for Kosovo is raised through promotional activities and investment projects through provision of consultancy services are supported. Such services are tailored consultancy services, provided free-of-charge to all potential investors in Austria, Germany and Switzerland. In particular, promotional events are organised and promotional materials about the business, legal, investment environment and investment opportunities published. At least 300 potential investors from GSC profit from these services.