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Kosovo – Basic Facts

Kosovo – Basic Facts. Area: 10,887 km 2 Population: 1.8 million Capital: Prishtina (population 400K) Main Ethnic Groups: Albanian 90%, Serb 5%, others 5% Diaspora: Approximately 800,000 live abroad Languages: Albanian, Serbian and English Currency: Euro

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Kosovo – Basic Facts

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  1. Kosovo – Basic Facts Area: 10,887 km2 Population: 1.8 million Capital: Prishtina (population 400K) Main Ethnic Groups: Albanian 90%, Serb 5%, others 5% Diaspora: Approximately 800,000 live abroad Languages: Albanian, Serbian and English Currency: Euro GDP 2010: €4.2 billion (€ 2,320 per capita) Major Markets: EU, CEFTA Borders with: Albania, Macedonia, Montenegro and Serbia

  2. GDP growth 2006 – 2011 (in EUR) 4.0% 5.0% 5.4% 3.8% 4.6% 5.3%

  3. FDI growth 2006 – 2011 (in mm EUR) 4.0% 65.4% -16.8% -22.0% 28.0% 8.0%

  4. FDI 2007 – 2011 by Country (in mm EUR)

  5. FDI 2011 by Sectors (as % of total FDI)

  6. Why invest in Kosovo?

  7. Liberal Trade Regime • CEFTA 2007 • Central European Free Trade Agreement Albania, Bosnia and Herzegovina, Croatia, Kosovo, Macedonia, Moldova, Montenegro, Serbia • Population: 32 million • GDP (2009): €180 billion • Autonomous Trade Preferences with the European Union • Unlimited duty-free access to the EU market, renewed 2011-2015 • Generalized System of Preferences with the US • Preferential duty-free entry for about 4,800 products • Trade Preferences with: Japan & Norway

  8. A Good Strategic Location

  9. Youngest Population in Europe • Average age – 27 years old • 15,000 new university graduates every year (70,000 students) • University of Prishtina operates under bologna system • Several American and British Universities • English and German Languages are widely used

  10. Very Low Taxes and Wages • Corporate profit tax: 10% • Income tax 0 -10 % (Progressive) • €0 – 80 = 0% • €80 – 240 = 4% • €240 – 450 = 8% • €450+ = 10% • Mandatory pension contribution: 5% • Value Added Tax: 16 % • Customs: 0% import tariff on some raw materials and a range of capital and intermediary goods. • Average Wage: 280 EUR/month

  11. Legislation and Agreements • Legal system completely re-built since 1999, largely EU-compatible • Law on Foreign Investments requires equal treatment for foreign and domestic investors • Bilateral Agreements on Investment Protection and Promotion: • Protection and Security, • Free Transfer of Funds, • Free Repatriation of Profits and Dividends, • Protection against Retroactive Application of Laws, • Protection against Expropriation

  12. Business Environment in Kosovo • Euro – official currency • Over 60,000 active SMEs • Sound banking system • Free Land for Foreign Investors • Improving Business Environment reforms in place • Business Registration in one day • Chartered Capital is zero • Municipality Permit is eliminated • Administrative Procedures for export and import are reduced by 70% • 50% of oil related licenses and many other licenses have been eliminated • New Fiscal Package

  13. Economic Stability Kosovo has the lowest level of debt in Europe, mainly due to its conservative fiscal policy Sovereign Debt as % of GDP in 2011 Source: Economist, IMF

  14. Good Investment Opportunities First Core Target Sectors • Business Process Outsourcing (BPO) • Automotive Components • Electronic Components (EMS) – Electronic Manufacturing Services • Agribusiness – Food Processing and Packaging Second Core Target Sectors • Mining and Energy • Wood and Metal Processing • Decorative Stone • Tourism – New Brezovica Ski Resort • Construction • Textile

  15. Good Investment Opportunities - PTK Privatization of the Post and Telecommunication of Kosovo (PTK) • Low market penetration that allows for significant growth • Company is debt-free and owns 70% of market share in mobile and 94.5% in fixed telephony • High profitability • Revenue of EUR 161 million • EBITDA margin of 46% in 2011 or about EUR 74 million • Net profit of EUR 48 million • Modern technical infrastructure • Lazard Freres and Raiffeisen Investment selected as transaction advisor

  16. Good Investment Opportunities Industrial Battery Factory L.L.C. • Located in Industrial Zone of Peja town on around 14.18 hectares with road and rail access and a factory floor area of 18,900 m2 • Two production lines. • Machines and tools in good working order. Currently underutilized. • Dedicated willing workforce with technical know-how Hotel OnixBanja e Pejes and Health Spa L.L.C • Situated on 26 hectares of land with built up floor area of 38,000 m² in 4 hotels and other facilities • Unique water spring mineral composition and disease treatment on the West Balkans • Opportunity to develop the Spa as a country club and Health Spa with restaurants, sports centresand swimming pool

  17. Survey: Investing in Kosovo - Advantages

  18. Why Budapest It has a strategic location, in the very heart of Europe Offers rich networking opportunities Over 130 foreign companies in Hungary, 69% of them had a regional center, and 44% had already in Budapest

  19. How can the Embassy of the Republic of Kosovo in Hungary help you? • Provide comprehensive information on relevant actors involved in promotion of investments • Facilitate visits and meetings with relevant actors in involved in promotion of investments, and with businesses in Kosovo • Contact: • Embassy of the Republic of Kosovo in Hungary • Szabadsagter 7, 1054 Bp. • Tel. +36 1 688 7872 • Fax. +36 1 688 787 • Contact person: • Mr. DelfinPllana, Minister-Counselor

  20. THANK YOU FOR YOUR ATTENTION!

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