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Kosovo Chamber of Commerce Investment Development and Financing 4th Vienna Economic Forum Dr. Besim BEQAJ November 5, 2007 Dr. Besim BEQAJ 1 Economic outlook 2 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 3 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 4 Dr. Besim BEQAJ Stimulating investment environment 5 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 6 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 7 Dr. Besim BEQAJ Expansion of investment activities 8 Education Industrial sector Agro processing industry Energy SME competitivness Infrastructure Construction Service sector Banking Insurance Tourism Information Technology Dr. Besim BEQAJ Import substitution 9 Trade exchange: Agro processing Construction materials Food and beverages Packaging Wood processing Dr. Besim BEQAJ You can contact me: [email protected] +381 38 224741 +377 44 500 499 Thank You for attention! 10 Dr. Besim BEQAJ