Lost Password? No account yet? Register
  • Narrow screen resolution
  • Wide screen resolution
  • Auto width resolution
  • Increase font size
  • Decrease font size
  • Default font size
  • default color
  • red color
  • green color

New Kosova Report

Sunday
Mar 21st
Kosovo's economy grew 4% in 2009 PDF Print E-mail
Monday, 08 February 2010
ImageCentral Bank of Kosovo (CBK) reported that during 2009 Kosovo had 4% economic growth. According to CBK, the economic growth in Kosovo comes mostly from financial system and the private sector.

Valentin Toci, chief economist of the CBK said that Kosovo and Albania were the only countries in Southeastern Europe to have economic growth in 2009.

According to CBK, Kosovo imported €1.9 billion of goods and services while it exported €162 million in 2009.

CBK statistics show that during the second half of 2009, Kosovo had an increased level of foreign direct investments. 69.9% of FDI were capital investments, 23.2% were reinvestments of existing foreign investors in Kosovo, while the rest of FDI were other investments.

The Republic of Kosovo Central Bank reported that during 2009 Kosovo had a balanced budget, in terms of national income and expenditure. Budget revenues in 2009 were €1.05 billion, while expenditures were €926 million.

According to this report, the banking sector in Kosovo continues to grow and expand. Loans of Kosovo banks increased for 9%, while deposits increased for 21%. The microfinance institutions and insurance companies (+21.2%) continued to grow and expand in the market.

Comments (0)add comment

Write comment
smaller | bigger

security image
Write the displayed characters


busy
 
< Prev   Next >
 

Translate article



Members






Lost Password?
No account yet? Register

Support us!

Support us!

 

Signup for our newsletter!

Newsletter




Quick Vote

Do you support the decentralization of Kosovo?
 

advertisement



Columns

Anna Wiman
Image Young Kosovo - behind the scenes A while ago I received a charming e-mail from a Kosovar girl whom I met in Prishtina last year. Sh...
Elizabeth Gowing
Image Election day for Kosovo, learning to choose and choosing to learn I had two invitations for Sunday 15 November.  One was to monitor a polling station in Kosovo...
Henry H. Perritt Jr.
Image Getting the word out about Kosova You Took Away My Flag:  a Musical About Kosovo was performed at the Strawdog Theatre in Chica...
Nicholas Swanson
Image What the European parliamentary elections mean for Kosovo Sunday Night’s European Parliamentary elections saw a significant swing to the centre-right, ...