Tag Archive | "Land Use"

General Data


Geography
  • Land area: 10,908 km²
  • Terrain: Low flood plains throughout central Kosovo, surrounded by mountains to the north, west and  south.
  • Land Use: 53% agriculture, 39% forests
  • Largest City: Prishtina – est. pop. 500,000

Population

  • Population Description: approximately 2.2 million people composed of about 90% Albanian, 5% Serbs, 2% Muslim Slavs (Bosniaks, Gorani), 2% Roma and 1% Turks,
  • Distribution: 42% urban, 58% rural
  • Diaspora: app. 500,000 people living abroad.
  • Languages: Albanian, Serbian, English

Economic Description

  • Currency: EURO, GDP 2008: €3,804 billion, Per capita: € 1.759 Inflation: average 2.5 % per annum over the past four years
  • Financial Sector: Two tier Banking System consisting of Central Banking Authority of Kosovo and 8 private Banks, 10 Insurance companies and 2 pension schemes,
  • Enterprises: 87,960 SME in 2008, app. 47% of total SME engaged in trade industry.500 Socially Owned Enterprises of which 300 already privatized
  • Budget: In 2009 totalling app. 1,430 € billion.
  • Tariff duties: Customs duties: 10% on imports; Excise tax on fuel, tobacco alcohol and luxury goods. No duties and taxes on exports.
  • Taxes in place: VAT 16%, Corporate Profit Tax 10 %, Wage Tax progressive max. 10%
  • Free trade: Customs-free access to the EU market based on the EU Autonomous Trade Preference (ATP) Regime, Customs-free access to the US market, Central European Free Trade Area – CEFTA
  • Location factors: Competitive and well educated workforce, enviable natural resources (mining, agriculture), low taxes and a transparent tax system, high purchase power through remittances (app. 400 million € annually), customs free access to the EU and US market and CEFTA members market

Legal Framework

Applicable Law: Laws passed by the Kosovo Assembly enacted on 15 June 2008 and thereafter; Regulations enacted by the United Nations Interim Administration in Kosovo (UNMIK) between 10 June 1999 and 14 June 2008; Laws dated prior to 22 March 1989, enacted before the abolishment of Kosovo`s autonomy within the Social Federal Republic of Yugoslavia; and laws dated between
22 March 1989 and 10 June 1999, enacted after the abolishment of Kosovo`s autonomy, provided that they are not discriminatory and are required to fill a legal gap.
Regulations available at:
http://www.assembly-kosova.org
http://www.unmikonline.org/regulations/unmikgazette/index.htm

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