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Investing in Kosovo

Investment Opportunities and Economy

Kosovo offers excellent investment opportunities in mining and energy, agriculture, food processing, tourism, infrastructure, construction, automotive components, and textiles. For additional information on investment opportunities contact IPAK Vienna at www.ipak-vienna.org

Currency: EURO

Gross Domestic Product (GDP):
In 2008: 3,804 bn Euro; GDP growth rate: 5.4%; GDP growth comes mostly from private sector.

Inflation:
Since 2004 close to 0 percent; 2009: 7.2%.

Financial Sector:
Two tier banking system consisting of Central Banking Authority of Kosovo and 8 private banks, 10 insurance companies and 2 pension schemes.

Enterprises:
87,960 SME in 2008; 500 Socially Owned Enterprises of which 300 already privatized.

Budget: In 2009 totalling 1.430 bn Euro.

Tax System:
VAT 16%, Corporate Profit TAX 10 %, Wage Tax progressive max. 10%.

Tariff duties:
Customs duties: 10% on imports; Excise tax on fuel, tobacco alcohol and luxury goods. No duties and taxes on exports.

Free trade:
Customs-free access to the EU market based on the EU Autonomous Trade Preference (ATP) Regime, Central European Free Trade Area – CEFTA, Free Trade Agreement with US.

Labour market:
Average wage 242, multilingual, skilled and well educated work force.

Location factors:
Competitive and well educated workforce, enviable natural resources (mining, agriculture), low taxes and a transparent tax system, high purchase power through remittances (app. 400 million annually), customs free access to the EU market and CEFTA members market as well as US market.