www.balkaninsight.com The European Investment Bank, EIB, has expressed its willingness to
invest in Kosovo in fields such as transport, telecommunications and energy.Thus, private
banks in Kosovo will receive money from the EIB in order to lend it to private companies at
agreed rates of interest, lower than those of most banks.
The bank mainly supports projects that make a significant contribution to growth and
employment in Europe through loans.
Six years after declaring independence from Serbia, Kosovo is still struggling to improve its
economy. The number of foreign investors has remained low, mainly because of worries about
organized crime and corruption. The rate of unemployment is also very high.
Last October, the Statistics Agency said 30.9 per cent of the population of Kosovo - 135,700 persons - were unemployed. Another 69.1 per cent, 302,844 persons, were in work. But many experts think the agency is understimating the scale of the problem.
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