Economy of Kosovo

PHOTO: TANJUG/ MARKO DJOKOVIC

A year after Kosovo government announced it had reached an agreement with the World Bank and the US company Contour Global to build a new power plant, the bank is still far from committing itself to the project.

Trade between Albania and Serbia continues to grow, although the total size and value of the exchange remains modest - and economists believe much of the potential has yet to be explored.

BELGRADE - The Serbian government has sent a letter to Brussels explaining all the harmful consequences of the Kosovo Assembly decision on the Trepca mining complex, Politika reports.

It was the first step relying on legal and political instruments and democratic, parliamentary and extra-parliamentary methods aimed at protecting Serbia's property in Kosovo, the daily reported.

Exports from Kosovo grew by just 0.23 per cent in 2015, accounting for a total export income of 325.3 million euros, according to the latest report on foreign trade by the country's statistical agency.

Industrial goods, mainly raw metals, represented the country's leading exports at around 45 per cent of the total amount.

Kosovo's Electricity Transmission and Market Operator, KOSTT, will conclude its work on the 400 kilovolt electricity transmission line with Albania in a matter of days, KOSTT told BIRN.

While Kosovo is expected to conclude its part of the work within 2015, the deadline for Albania is scheduled for spring 2016.

Inspectors of the Central Bank of Kosovo, accompanied by the police, took away part of the documentation and equipment from the Jugobanka branch in Gracanica.

One of the bank’s clerks was taken to the police station for questioning, Tanjug quoted RTK.

Kosovo's inability to obtain its own international telephone prefix has cost it around 65 million euro so far, as it remains obliged to pay companies in Monaco and Slovenia to borrow use of their country codes.

Minister of Economic Development Hikmete Bajrami signed the 409 million investment contract to develop a tourist centre at Kosovo's main ski resort in Brezovica on Tuesday with a representative of the French consortium MDP Consulting Compagnie des Alpes.

PRISTINA - The Kosovo government said Tuesday that the Mining, Metallurgical and Chemical Combine Trepca was "Kosovo's property" and that any attempt to create confusion that it was allegedly given up was malicious.