Issuu on Google+

Slovensko-Kosovsko Poslovno Združenje Shoqata Afariste Slloveno-Kosovare Slovene-Kosovo Business Association Slovenačko - Kosovsko poslovno udruženje

NEWSLETTER No.1

SKBA - Slovene-Kosovo Business Association at a glance! SKBA has been established since February 2010. One of the main goals of our business association is to regulate and increase bilateral relations in economic and cultural fields, between Republic of Slovenia and Republic of Kosovo. Traditionally, through past decades, especially after the war in 1999 these two countries have a very good business relation, and this may be one of the main indicators for business success in Kosovo market. Also there are other indicators that shows good business relations between these two countries, companies such as IPKO, NLB BANK, “DUKAGJINI” INSURANCE COMPANY (lately changed name to ILLYRIA), and BREWERY PEJA, this are companies that were or are owned by businessmen from both countries. By providing fast internet and telecommunication services, by offering fast and secure banking services, by offering all kinds of insurance services, and by offering qualitative alcoholic and nonalcoholic drinks, all this companies have been rated at the most highest and reliable level from consumers. SKBA has now more than 52 members, 27 are Slovene companies and other 25 are from Kosovo. Number of interested companies that expressed desire and willingness to get involved in Kosovo market is growing every day. Being our member you will earn many advantages and benefits, which can help you to extend your business in the nearest future. Some of our services that we will offer to you as being our member are: networking, market analysis, organizing events, accounting and marketing services, IT & web design services, advocacy services, and other intellectual services based on your needs.

Kosovo General Information Geography

Land area: 10,908 km² Terrain: Low flood plains throughout central Kosovo, surrounded by mountains to the north, west and south. Land Use: 52% agriculture, 39% forests Capital: Pristina - est. population 500,000 Kosovo is in the heart of Southeastern Europe. Population: approximately 2.2 million Ethnic composition: 90% Albanians, 5% Serbs, 2% Muslim Slavs (Bosniaks, Gorans), 2% Roma and 1% Turks Distribution: 42% urban, 58% rural Diaspora: over 500,000 people living abroad Languages: Albanian, Serbian, English. 70% are young population under 35 years old, 50% of them are below 25 years old.

Legal Framework

Applicable Law: Laws passed by the Kosovo Assembly enacted on 15 June 2008 and thereafter; Regulations enacted by the (UNMIK) between 10 June 1999 and 14 June 2008; Laws dated prior to 22 March 1998, enacted after the abolishment of Kosovo’s autonomy, provided that they are not discriminatory and are required to fill a legal gap.

Some useful words in Albanian Language

Yes................................................................................... Po No.....................................................................................Jo Good.......................................................................... Mirë Please................................................................. Ju lutem Excuse me......................................................... Më falni Thank you................................................. Faleminderit Sorry............................................................Më vjen keq Good morning....................................... Mirëmëngjes Good day...........................................................Mirëdita How are you?....................................................... Si jeni How much does this cost?........... Sa kushton kjo? Good night...............................................Natën e mirë Good luck with your work!...............Punë e mbarë Cheers................................................................... Gëzuar All the best............................................Gjithë të mirat


Slovensko-Kosovsko Poslovno Združenje Shoqata Afariste Slloveno-Kosovare Slovene-Kosovo Business Association Slovenačko - Kosovsko poslovno udruženje

DISTANCES BETWEEN CITIES IN KOSOVO Prishtinë – Mitrovicë -36 km Prishtinë– Pejë - 82 km Prishtinë– Gjakovë - 86 km Prishtinë– Prizren - 74 km Prishtinë– Ferizaj - 35 km Prishtinë– Gjilan - 46 km Prishtinë– Shkup(Macedonia) - 86 km Prishtinë– Tetovë (Macedonia) - 106 km Prishtinë– Tirana(Albania)-330 km Prishtinë– Podujevë – 26 km. Prishtinë– Ljubljana – 890 km

LATEST NEWS FROM KOSOVO

The government of Kosovo dissolved its parliament. After the coalition led by the Democratic League of Kosovo (DLK) fell to a vote of no confidence brought by the opposition. The DLK’s parliamentary majority was lost in September 2010 when its leader, then-president Fatmir Sejdiu, resigned after the Constitutional Court that his dual roles as head of the DLK and president violated the country’s constitution. Kosovo is now set for new parliamentary elections which will be held on 12th of December 2010.

INVEST IN KOSOVO

Republic of Kosovo has one of the most competitive and dynamic business environment in the region. Kosovo has an attractive and friendly environment for foreign investors. Some of the investment opportunities in Republic of Kosovo are: • Agriculture • Wood processing • Information Technology and Telecommunications • Construction • Automotive components industry • Mining and energy Textiles • Tourism etc.

SUCCESS STORIES Construction sector

Xella International Group, which is part of Haniel Corporate, is the market leader in construction materials with production facilities on all six continents. Xella Group opened factory in 2006 in Lipjan near Prishtina, and the value of investment has reached 12 million euro. Xella Kosovo supplies the entire Balkan region.

Telecommunication sector

In 2006 “IPKO net” was bought by Telekom Slovenia, and was the first internet provider here in Kosovo. Now with name “IPKO”, since 2006 besides internet providing, IPKO offers GSM services, fixed telephony and cable TV where is the market leader in Kosovo.

Banking and Insurance

Known as “KasaBank d.d.”, since 1st January 2008 more than half of actions were bought from Slovenian bank “NLB-Nova Ljubljanska Banka”, which is largest Slovenian international financial group, and is ranked among the best graded banks in Middle and East Europe. Currently NLB ranking in Kosovo is 3rd in terms of size alongside with ProCredit Bank and Raiffeisen Bank.

WHY TO INVEST IN KOSOVO?

Gross Domestic Product (GDP): In 2009: € 3.792 billion, Per capital: € 1,731. Inflation: On average 2.2% per annum over the past five years. Financial Sector: Two tier banking system consisting of Central Bank of the Republic of Kosovo and eight private Banks, 10 Insurance companies and two pension schemes. Enterprises: over 40,000 active SMEs in 2009, app. 50% of total SMEs engaged in trade industry. 500 Socially Owned Enterprises of which 400 already privatized. Budget: In 2010 totaling app. € 1.461 billion. Tariff duties: 10% customs duties on imports, no duties on raw materials, capital and intermediary goods; Excise tax on fuel, tobacco alcohol and luxury goods. No duties and taxes on exports. The New Customs Code is based on EU customs code, and is fully compliant with WCO agreed rules on customs procedures and the Harmonized Commodity. Tax System: VAT 16 %, Corporate Profit Tax 10%, Personal Income Tax progressive max. 10%.


Slovensko-Kosovsko Poslovno Združenje Shoqata Afariste Slloveno-Kosovare Slovene-Kosovo Business Association Slovenačko - Kosovsko poslovno udruženje

Free trade: Customs-free access to the EU market based on the EU Autonomous Trade Preference (ATP) Regime, Central European Free Trade Agreement – CEFTA, over 25 million consumers. Labour market: Average labour cost 292 euro in 2010, skilled and well educated work force. Currency: EURO, since 1 January 2002 Location factors: Competitive, well educated and young workforce, enviable natural resources (mining, agriculture), low taxes and a transparent tax system, customs free access to the markets of CEFTA, EU and USA,

Transport and distribution of goods As it is located in the heart of South Eastern Europe or Balkan, Kosovo through it is unique geographical position and its liberal trade regime, offers instant access in the Balkans and Central Europe. Transport of good can be done by road transport, railway transport, and Air transport. Road Transport- During past few years 630km roads have been rebuilt and some new roads have been constructed. It is worthy to mention the highway that will connect Kosovo with Albania on one side and with Serbia on other side. In next few years Kosovo will become important gateway in the corridor that will connect the Adriatic Sea with Western Europe. Railway transport- Railway network of Kosovo covers the entire territory with length of 330 km. It connects south with north side and east with west side. Kosovo railways are in ongoing process of modernization. The project for the construction of the new line that will connect the capital of Kosovo, Pristina, with the port of Durres in Albania is under development. Air Transport- Kosovo has a modern International Airport. It has more than 1 million passengers per year, and its ranked among the most frequented airports in the region The International Airport of Pristina has been given with concession to one foreign company in a period of 20 years, in exchange for 100 million euro investment in Pristina Airport, this investment with help to become one of the regional hub in near future.

PROCESS OF PRIVATISATION IN KOSOVO

At this moment, only WAVE 46 is in ongoing process of privatisation, and is contained from 15 companies. Here are some of the main public sectors that are ready for privatisation: 1. Privatisation of “PTK - Post Telecommunication of Kosovo”. 2. Privatisation of KEK-“Electricity Distribution and Supply” 3. Privatisation and Investment of “TPP-New Kosovo Termo Power Plant” 4. Building of HPP- Hydro Power Plant Zhur 305 MW 5. Building of 11 small”HPP-Hydro Power Plant”. You can also find more information about doing business in Kosovo as follows: Kosova Chamber of Commerce www.oek-kcc.org Ministry of Economy and Finance www.mef-rks.org Ministry of Trade and Industry www.mti-ks.org IPAK-Investment Promotion Agency of Kosovo www.invest-ks.org Privatisation Agency of Kosovo www.pak-ks.org Central Bank of Republic of Kosovo www.bqk-kos.org Kosova Customs www.dogana-ks.org Newspapers www.kohaditore.com www.kosova-sot.info www.zeri.info


Slovensko-Kosovsko Poslovno Združenje Shoqata Afariste Slloveno-Kosovare Slovene-Kosovo Business Association Slovenačko - Kosovsko poslovno udruženje

SKBA activities in autumn-winter:

Here are some of activities that SKBA has held and also planned to be held for autumn-winter season: 1. Slovene-Kosovo Business Conference was held in Ljubljana with topic”How to do business in Kosovo”, where participated 82 Slovene companies and 30 companies from Kosovo. 2. Business evening of topic“What businessman should know about wine”. 3. IEDC Bled School of Management in partnership with SKBA, organized lectures of MBA MasterClass on topic “Linking Business Strategy with Financial Performance: Learning from Best Practice”.

Coming Events:

1. »How to find an international strategic partner for your business?«, Wood processing Association of Kosova, dr. Jordan Berginc – Slovene-kosovo Business Association, representative of Slovene wood industry (to be announced); Priština Kosova Chamber of Commerce building, December 7, 2010 at 17.00 2. Business event ”Pre-New Year Business Meeting”, for SKBA members; December 16th, 18.00, location to be announced.

Slovene-Kosovo Business Association is part of JAPTI from Slovenia (Public Agency for Entrepreneurship and foreign Investments) network of Business clubs, where Ministry of Economy is partly co-financing our activities. More information about our activities you can find by visiting us in our office, Square Mother Teresa nr.20, 10000 Pristina (Kosovo Chamber of Commerce building) or by contacting us on: Tel: +386 43 726 074 Fax: +386 43 726 084 E: info@slo-kos.org W: www.slo-kos.org

Our main sponsors:

-Ministrstvo za gospodarstvo Republike Slovenije • JAPTI (Public Agency for Entrepreneurship and foreign Investments). • “BUÇAJ” Company • LESNA • “DUKAGJINI” INSURANCE COMPANY(lately changed name to ILLYRIA). • BREWERY PEJA • IPKO • NLB-Nova Ljubljanska banka • FACTOR BANKA • BIG ADVERTISING


Newsletter No.1