General Overview

Official Name of Country Republic of Kosovo
Area 10,908 km²
Population 1,820,631 (est.  2013)
Capital Prishtina - est. population 205,133
Land Use
  • 53 % agriculture,
  • 41 % forests
  • 1% water
  • 5% other (infrastructure and urban area)
Ethnic Composition
  • 90 % Albanians, 5 % Serbs
  • 2 % Bosniaks and Gorans
  • 2 % Roma and 1 % Turks
Distribution
  • 42 % urban,
  • 58 % rural
Diaspora over 800,000 people living abroad
Languages Albanian, Serbian, English
Legal Framework

On the 17th of February 2008 Kosovo declared its independence, becoming the latest state to emerge following the disintegration of Yugoslavia. The declaration of independence established Kosovo as a democratic, secular and multi-ethnic Republic promoting the rights of all communities. In April 2008 the Assembly of the Republic of Kosovo adopted the country’s constitution, which entered into force in June 2008.

Kosovo’s legal system has been continuously re-built since 1999. While other countries in the region have had to undergo the difficult and complicated procedure of making more than 80,000 laws compatible with European Union regulations, Kosovo’s legislation is already EU-compatible.

The legislation in force includes:

  • Laws and regulations issued by the Assembly of the Republic of Kosovo
  • The regulations promulgated by the Special Representative of the Secretary-General during the United Nations Interims Mission in Kosovo;
  • The law in force in Kosovo on the 22nd of March, 1989

Every law is available also in English, Albanian, Serbian and can be found in electronic form at: www.assemblyofkosovo.org

Here you can download laws related to the economy of Kosovo.

Currency Euro (€)
GDP (2013) Grew 3.2% (source: MED)
GDP per capita (2013) 2,773.00 EUR (source: MED)
Financial Sector Two tier banking system consisting of the Central Bank of the Republic of Kosovo, nine private Banks, 13 Insurance companies, 2 pension systems (public and private), 17 micro finance institutions.
Enterprises Over 70,000 SMEs were active in 2013, app. 50 % of these were engaged in trade and industry. The number of SOEs in PAK’s portfolio is 595, out of which 406 SOEs were partially privatized, resulting in the sale of 763 new companies and 451 assets sold through liquidation sales
Budget App. € 1.5 billion in 2014
Tariff Duties
  • 10 % customs duties on imports;
  • No duties on capital and intermediary goods, or selective raw materials;
  • Excise tax on fuel, tobacco alcohol and luxury goods;
  • No duties and taxes on exports
Tax System
  • VAT 16 %;
  • Corporate Profit Tax 10 %;
  • Tax on dividends 0%;
  • Personal Income Tax progressive (max. 10%)
Free Trade
  • Customs-free access to the EU market based on the EU Autonomous Trade Preference (ATP) Regime,
  • Central European Free Trade Agreement – CEFTA
  • Preferential treatment of exported goods in the US, Japan, and Norway
Labor Market The average labor cost was 364 Euros in 2013 for a skilled and well educated work force
Geographical Location

Kosovo is located in the heart of Balkans, and it borders with Albania, Macedonia, Montenegro, and Serbia

Communication

Kosovo has a well-developed telecommunications system.

There are 600 pay phones located within the public areas as well 470 within post offices. Kosovo’s GSM providers are Vala, IPKO, D3 and Z-Mobile, and roaming is offered by the majority of international telephone service providers. For longer stays in Kosovo, purchasing a local pre-paid number is recommended.

Internet: Wide coverage 56,3% internet penetration on household. Prishtina and other cities have numerous Internet Cafés. Most of the Restaurants and Coffee places provide free Wi-Fi internet services.

Health Care

There are six regional hospitals situated in the Kosovo’s major towns. Furthermore, these are supported by health centers in each of the country’s 30 municipalities.

Apart from the Public Health System, there are numerous private hospitals covering all ranges of services needed. Well-equipped pharmacies may be found in every town throughout Kosovo, some of which are open 24 hours.

Time Zone Central European Time (GMT+1)