“Serbia owns USD 200-400bn of property in Kosovo”

Predrag Bubalo says that the value of property owned by Serbia and Serbs in Kosovo is some USD 200-400bn.

Izvor: FoNet

Wednesday, 20.02.2008.

11:29

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Predrag Bubalo says that the value of property owned by Serbia and Serbs in Kosovo is some USD 200-400bn. The trade and services minister told RTS that this property entails everything in which Serbia has directly invested or invested in through funds for development, church property, natural treasures, and the property of displaced citizens. “Serbia owns USD 200-400bn of property in Kosovo” Bubalo said that the political fight for Kosovo will include a large number of court and arbitration processes before international institutions, but that at this moment, the priority is the security and material existence of Kosovo’s Serbs. Bubalo said that “new work places need to be opened for people living in enclaves.” “Public companies will have to have even stronger ties with companies from that sector, such as EPS, Telekom, and the postal service. Everyone must increase their activities,” Bubalo said. Predrag Bubalo (FoNet archive) “Kosovo turnover EUR 385mn” According to statistics from the Serbian Chamber of Commerce, PKS, the value of products placed on the Kosovo market last year exceeds EUR 385mn, including products which are smuggled into the province. Branislav Miljkovic, president of the Kosovo Chamber of Commerce, told daily Danas that 95 percent of the products sold in the province come from Serbia. “The value of product exchange last year with companies in the region is about EUR 215mn. Mostly construction material and food products are coming in from Serbia. However, it should be said that this ‘sale of products’ is not typical export, because Kosovo is a part of Serbia and therefore this is domestic market,” Miljkovic said. He also said that some EUR 100mn worth of products arrived through smuggling channels, mostly cigarettes and fuel derivatives.

“Serbia owns USD 200-400bn of property in Kosovo”

Bubalo said that the political fight for Kosovo will include a large number of court and arbitration processes before international institutions, but that at this moment, the priority is the security and material existence of Kosovo’s Serbs.

Bubalo said that “new work places need to be opened for people living in enclaves.”

“Public companies will have to have even stronger ties with companies from that sector, such as EPS, Telekom, and the postal service. Everyone must increase their activities,” Bubalo said.

“Kosovo turnover EUR 385mn”

According to statistics from the Serbian Chamber of Commerce, PKS, the value of products placed on the Kosovo market last year exceeds EUR 385mn, including products which are smuggled into the province.

Branislav Miljković, president of the Kosovo Chamber of Commerce, told daily Danas that 95 percent of the products sold in the province come from Serbia.

“The value of product exchange last year with companies in the region is about EUR 215mn. Mostly construction material and food products are coming in from Serbia. However, it should be said that this ‘sale of products’ is not typical export, because Kosovo is a part of Serbia and therefore this is domestic market,” Miljković said.

He also said that some EUR 100mn worth of products arrived through smuggling channels, mostly cigarettes and fuel derivatives.

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