In the first half of 2008, Kosovar economy has shown indifference towards the unstable global macroeconomic environment even though there has been a light absence of liquidation and a continous rise of consuming prices.

These assessments were published today on the macroeconomic bulletin for the first half of 2008 and the next three-year macro-fiscal projections between 2009-2001, conducted by the Ministry of Economy and Finances. 

Based on this report, macroeconomic projections indicate that if the performance of the Kosovar economy continues to remain as it was shown in the first half of this year, the growth of GDP for 2008 is expected to be 5.2%, which is quite encouraging when taking into account the acceleration of the inflation growth in the first half of 2008.

"While all categories of GDP have shown an increase, consumption and investments continue to remain the main drive to the current economic growth," states the report.

Meanwhile regarding the budget income, there were 408.3 million euros, which is a considerable increase with exception of non-taxed income.

The same report states that regarding the expenses, it is a remarkable improvement in reduction of the level of budget expenses, particularly the capital expenses.

"The financial sector continues to remain stable. Overall, there is an increase of reliability and trust of customers in the banking system, which is proved by the continuous rise of the banking deposits. The increase of credits has had a faster trend than that of deposits," states the report.

The most impressive figure has been the massive increase of exports, which during this period has increased for 101%  compared to the period of the last year.