Foreign investments in Kosovo fall by 3,6 million Euros

Foreign investments in Kosovo fall by 3,6 million Euros

Pristina, October 6, 2014/Independent Balkan News Agency

By Elton Tota

Central Bank of Kosovo has informed that direct foreign investments in Kosovo in the second quarter of 2014 have seen a drop of 3.6 million Euros.

“The negative result of investments was due to the withdrawal of the capital by foreign enterprises and not the reduction of investments that have entered the country within a quarter. Investments in bonds, excluding bonds that are part of the reserve assets, have seen a fall of 3.1 million Euros in the second quarter (81.7 million in the same period of the previous year). On the other hand, the position of international reserves in the first quarter of 2014 has gone down by 21.7 million Euros”, says the report of the Central bank of Kosovo.

According to this report, Kosovo continues to have a positive result in the position of international investments (PIN), which at the end of the second quarter of 2014 was 327.8 million Euros (as opposed to 394.5 million Euros at the end of the first quarter).

Foreign assets have seen a fall of 46.6 million Euros as opposed to the previous quarter. The value of foreign assets on June 30, 2014 was 4.12 billion Euros.

The main contributor in the fall of foreign assets has been the “other investments” category with 50.1 million Euros less.  /ibna/