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Investment Development and Financing 4 th Vienna Economic Forum Dr. Besim BEQAJ November 5, 2007. Kosovo Chamber of Commerce. Economic outlook. Population 2.2. mil GDP per capita ~1200 Euro Economic growth ~5% Unemployment ~40% Good legislation harmonized with EU
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Investment Development and Financing4th Vienna Economic ForumDr. Besim BEQAJNovember 5, 2007 Kosovo Chamber of Commerce Dr. Besim BEQAJ
Economic outlook • Population 2.2. mil • GDP per capita ~1200 Euro • Economic growth ~5% • Unemployment ~40% • Good legislation harmonized with EU • Sound macroeconomic policies • Human and material resources • Stimulating investment environment • Stable political system • Sound banking system • An inviting business environment • Customs code harmonized with EU • Many investment opportunities Dr. Besim BEQAJ
Trade liberalization and integration • FTA with countries in the region under SP for SEE • Signatory of CEFTA agreement • Regional Energy Market • SEETO • SAP through STM • Trade regionalism • Political background • Economic Background Dr. Besim BEQAJ
Privatization and SME Development • Successful story – still continues with very high transparency • SME-s will be the backbone of the Kosova economy. • Strong entrepreneurial spirit • Orientation for outsourcing services Dr. Besim BEQAJ
Stimulating investment environment • Political and legal stability (Status to be defined soon). • Free access to the market of the European Union and the markets of neighboring countries; • Modern business-support institutions; • Simple and quick business registration procedure • Modern and EU compatible legal framework; • The Euro is official currency, eliminating Euro zone currency risk Dr. Besim BEQAJ
Stimulating investment environment - cont • National treatment investment regime • Guarantees for unrestricted use of income • Prohibition of favoritism and discrimination • Protection against expropriation • 99 year land lease (UN guarantee) • Central location in the region Dr. Besim BEQAJ
Sound banking system • BPK Authority-regulates banking and insurance sectors • All banks are private • 7 banks, including Raiffeisen Bank, 8 insurance companies Dr. Besim BEQAJ
Expansion of investment activities • Education • Industrial sector • Agro processing industry • Energy • SME competitivness • Infrastructure • Construction • Service sector • Banking • Insurance • Tourism • Information Technology Dr. Besim BEQAJ
Import substitution • Trade exchange: • Agro processing • Construction materials • Food and beverages • Packaging • Wood processing Dr. Besim BEQAJ
You can contact me:besim.beqaj@oek-kcc.org+381 38 224741 +377 44 500 499 Thank You for attention! Dr. Besim BEQAJ