Through its declaration of independence on 17 February 2008 and the subsequent international recognition by world’s leading democracies and economies, Kosovo has removed the last political obstacle for foreign investors. By setting economic growth as its first priority, the Government of Kosovo has also committed to continue economic reforms in order to make the country more attractive for foreign investors.
Kosovo has low taxes and a simple tax system. It further offers macroeconomic stability, simple and quick business registration procedures, the Euro as its official currency, and a young, dynamic and well educated work force. Through its membership in CEFTA, investors entering Kosovo will in fact enter a market of 28 million people. In addition, Kosovo enjoys customs-free access to the EU market based on the EU Autonomous Trade Preference (ATP) Regime as well as the customs-free access to the US market.
I strongly believe that Kosovo will benefit from foreign investments. I am convinced that Kosovo has great potential to become a favoured destination for foreign investments.
The last two years have shown the first signs of sustainable economic development with an average GDP growth standing at 4.5 %. At least 357,4 million Euro on FDI were invested in 2008 in different sectors of the Kosovar economy. However, key challenges, such as the big trade imbalance, the still existent informal economy and the high unemployment rate remain.
We think that the best way to successfully tackle these challenges is by continuing to facilitate FDI. It is bringing fresh capital, know-how and is creating new jobs in our country. It has started to help Kosovo to reactivate and mobilise its huge resources. At the same time, it is strengthening efforts for a sustainable long-term economic development of the country.
We assure you that the Government of Kosovo will remain focused in further improving the business climate and in speeding up the regional and European integration of Kosovo. We guarantee you the support of the Government for your business and investment activities in our country and we sincerely welcome you in the new Kosovo.
Minister of Trade and Industry