Kosovo’s economic potential

B92 carried out research into Kosovo's economic potentials, and how much Serbia currently pays to settle Kosovo’s economic debts.

Izvor: B92

Saturday, 16.06.2007.

18:00

Default images

Kosovo’s economic potential

Most agree that the largest economic potential in Kosovo is in energy. Public Enterprise Electric Power Industry of Serbia (EPS) said that Kosovo has 14 billion tons of coal in reserves, sufficient to generate five times the power that Kosovo-based power plants manage to deliver today.

The Kosovo Trust Agency (KTA) established by UNMIK sold 120 out of 540 companies that currently operate in Kosovo.

Nenad Popović, member of the Belgrade negotiating team for Kosovo in charge of economic affairs, claims that the privatization model applied in Kosovo is illegal, since KTA as an interim body has no right to conduct permanent ownership changes.

“The privatization process in Kosovo inflicted damages to those who invested in Kosovo, a majority of which are central Serbian and Vojvodina companies,” he said.

Nonetheless, Isa Mustafa, economic adviser to Kosovo's president, did not agree with these claims.

“I believe that Serbia has not been damaged. It is just the opposite, for we sustained damage here. The international institutions were left with dealing with the issues, we have already privatized our companies,” he said. 

Kosovo’s portion of Serbia’s foreign debt is valued at almost US$ 2bn, as Serbia has so far paid US$ 13mn of the sum.

Experts say that agriculture is one of the most important possibilities to contribute to Kosovo’s economic growth and development. However, agricultural resources have not been explored.  It is currently estimated that  70 percent of Kosovo’s population is unemployed and living mostly off the gray economy.

Komentari 7

Pogledaj komentare

7 Komentari

Možda vas zanima

Zapad zapretio, Kina uzvratila 9
Svet

Zapad zapretio, Kina uzvratila

Kina je usvojila zakon o carinama kojim želi da osnaži mehanizme odbrane svoje ekomonije nakon pretnji Sjedinjenih Američkih Država i Evropske unije da će reagovati na izvoz jeftinih kineskih proizvoda.

7:59

27.4.2024.

1 d

Podeli: