Kosovar Diaspora - Diaspora Investment in Kosovo

Diaspora Investment in Kosovo

Ministry of Diaspora organised the conference “Attracting Diaspora investment in Kosovo”, where diaspora has been considered as an important part of the economy of Kosovo.

On the other side Minister of Diaspora, Mr. Ibrahim Makolli said that the objectives of the ministry which he leads are to identify, encourage and to support investment from diaspora.

Deputy Prime Minister and Minister of Trade and Industry Mimoza Kusari – Lila showed the planes on investment attraction of the Kosovo’s diaspora, which are linked directly to two agencies that operate under the MTI. At the Media Conference, she talked about the Business Registration Agency that will collaborate with Ministry of Diaspora on opening Business Registration Centres in: Switzerland, Germany, America and Turkey, which will serve business registrations out of Kosovo where the owners will be Kosovars. In that meeting many international representatives were present. The objective of those conferences will be investment promotion and inform Kosovo diaspora on doing business facilities and reforms happened in Kosovo.

Furthermore, nowadays business registration in Kosovo can be done much easier and faster; export and import procedures for the Kosovo goods has been significantly reduced; a considerable number of construction licenses has been eliminated while in meantime in regard to contract implementation area a considerable improvement has been made through laws governing enforcement procedures, notary and cadastre.

Among other Minister Kusari – Lila also have mentioned the conclusion of the investment protection agreement, where so far several agreements have been signed with 12 other countries (as Great Britain, Hungary, Italy, Netherland, Croatia, Japan, UAE, Kuwaiti, Qatar, Norway, France and Montenegro). At the end, she has mentioned improvement of relations with European Union which affect on investment promotion growth.

Kosovo’s remittances for 2010 were € 511.6 million, while 30% of direct foreign investments have come exactly from diaspora.