Reformist Party ORA has asked the Kosovo Government to work for the return of around EUR1 billion so they can be a basis for the creation of a Development Fund of Kosovo.
The financial assets in question belong to PTK, over EUR 200 million; Pensional Trust Fund assets with EUR 350 million invested but with heavy losses due to the current global economic crisis; and privatization earnings of around EUR 400 million.
The financial assets in question belong to PTK, over EUR 200 million; Pensional Trust Fund assets with EUR 350 million invested but with heavy losses due to the current global economic crisis; and privatization earnings of around EUR 400 million.
"At the time when world economies have been hit by the financial crisis
and in economic recession, Kosovo would create a capital so far
inactive. In our economy that capital would create new jobs and reduce
poverty," said ORA officials.
The same suggested the establishment of an agrarian bank which would also be financed from the development fund under special conditions and with minimal interest to help agricultural production.
Kosovo does not yet have a securities law, which was cited by the International Civilian Representative Pieter Faith as the reason not to bring the money back. Another reason given was the safety of the money in Kosovo, although the Kosovo banks so far have not been touched by the financial crisis. Kosovo investors face high interest rates.
The same suggested the establishment of an agrarian bank which would also be financed from the development fund under special conditions and with minimal interest to help agricultural production.
Kosovo does not yet have a securities law, which was cited by the International Civilian Representative Pieter Faith as the reason not to bring the money back. Another reason given was the safety of the money in Kosovo, although the Kosovo banks so far have not been touched by the financial crisis. Kosovo investors face high interest rates.
Comments (3)
omnipotent18
said:
 |
... Agim, the answer to your question is quite simple: Kosovo Gov has proven to be unable to Govern the country! Its them who had to go to the US Ambassador because they couldnt even decide about matters in their own parties, let alone significant issues that would indeed help the miserable economical situation of Kosovar Albanians! That money will dissovle in the Financial Chaos and Kosovars wont see a dime, as always! |
Agim
said:
 |
... Can anyone tell me why it is that we need someone elses permition for managment of our money, unless whom ever is against it must have been the person that suggested that investment and he got paid big time for it. We all know that leaving that money in someone elses hands it will shrink in this market conditions , so why not invest it in out agriculture where for sure it can only grow. |
Sebaneau
said:
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... Who holds that money? "Stability of property, its transfer by consent and the performance of promises" (David Hume) should be enough to ensure development. |
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