US$200 million to Support Cleanup and Modernization of Kosovo’s Energy Sector
During a Donors’ Conference for Sustainable Energy for Kosovo, held on May 14, the World Bank Group, the European Union and the United States pledged approximately $200 million in assistance to help Kosovo shut an outdated and high-polluting coal-fired power plant, boost energy efficiency, and develop new sources of renewable energy. Read more ...
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World Bank’s New Country Director Discovers Kosovo’s Key Development Challenges
The World Bank’s newly appointed Country Director and Regional Coordinator for Southeastern Europe, Ms. Ellen Goldstein, visited Kosovo on March 11 to familiarize herself with the country’s key socio-economic development challenges. Read more ...
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Kosovo Continues to have the Highest Growth in the Region
Signalling the end of the double-dip recession of 2012, the group of six South East European (SEE6) countries is now making a fragile recovery: its combined real GDP is projected to grow 1.7 percent in 2013 after a 0.6 percent decline in 2012, according to the latest World Bank South East Europe Regular Economic Report, presented on June 18 in Pristina. Read more ...
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Financial Reporting Critical to Growth in Kosovo
Reforms in accounting and auditing in the Republic of Kosovo need to be continued in order for the alignment with the EU acquis communautaire to succeed, says the new Report on the Observance of Standards and Codes (ROSC) on Accounting and Auditing in the Republic of Kosovo, released on May 7 in Pristina by the World Bank. Read more ...
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Increasing the Minimum Wage in Kosovo
Kosovo is on the verge of revising its minimum wage level and is embroiled in a debate between various stakeholders about the amount by which its minimum wages should increase. Representatives of employees are arguing that the current €130 per month minimum wage for workers below the age of 35 and €170 per month for workers at or above age 35 is insufficient to provide minimum acceptable standards of living for low-paid workers. Read more ...
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Labor Force Survey: Unemployment Rate in Kosovo 35.1 %
A Labour Force Survey has been conducted in 2012 and results covering the period from January to June 2012 were presented by the Statistical Agency of Kosovo in May 2013. According to the survey the unemployment rate in Kosovo is 35.1 per cent. Read more ...
