Kosovar Privatization Agency should establish a plan for the aciviation of companies that have remained inactive after privatization in Kosovo, were the conclusions of a conference held in Prishtina today reviewing the results of this process.

Nevertheless, privatization has had effect, and now it could rightly be called a cup half-empty or cup half-full, said the director of the Institute for Development Research RIINVEST, Muhamet Mustafa.

Since its inception, the privatization process in Kosova has been followed by dilemmas and controversies, which have been reflected in the delay of this process. After a period of hesitation during 2000-2003, the process began in 2004 and Kosova Trust Agency (KTA) has managed to privatize more than 60% of socially owned enterprises (SOE) so far. The process is continuing, with the 29th wave of privatization launched this month. So far nearly €400 million have been accumulated in the KTA Trust Fund from the proceeds originating from the sale of assets, making up a share of about 17% of GDP.

"A privatized economy is better able to fight corruptions risks, but also to push forward entrepreneurial spirit," said Hank Voskamp, Dutch Ambassador to Kosovo.

According to the research presented at the conference, the best period for the privatization process was 2005-2007. The average cash flow of the privatized companies doubled between 2006 and 2007, the value of exports quadrupled whereas the level of investments grew by 30%.

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