AmCham organizes a post approval discussion on Law on Strategic Investments

Prishtina, February 15, 2017 – Minister of Trade and Industry Hykmete Bajrami said that the most credible companies which wanted to invest in Kosovo were withdrawn because of lengthy procedures, whereas Kosovo should be more attractive in order for it to create conditions for attracting foreign investors.

Minister Bajrami made these comments in the Post Approval Discussion on Law on Strategic Investments, organized by the American Chamber of Commerce in Kosovo.

The event was organized following the ruling of the Constitutional Court confirming that the Law on Strategic Investments does not violate the Constitution of the country.

She said that the Government has increased transparency to the highest level with the Law on Strategic Investments.

“The Law provides equal opportunities to both local and foreign investors, and it contains strict procedures in order for one to be qualified as a strategic investor,” said Minister Bajrami.

She emphasized that the sectors which are classified as strategic pursuant to the Law are energy, infrastructure and mining with the minimum investment of up to 30 million euros, transport and telecommunication with minimum investment of 30 million, tourism with a minimum investment of 20 million, manufacturing industry with minimum investment of 20 million, agriculture and food industry with minimum investment of 10 million, healthcare with a minimum of investment of 30 million, industrial and technological parks with minimum investment of 10 million, and water treatment with minimum investment of 10 million.

On the other hand, the Executive Director of the American Chamber of Commerce in Kosovo, Arian Zeka said that there was a continuous call for more flexible negotiations between the potential strategic investments and the Government.

Members of the American Chamber of Commerce in Kosovo had the opportunity to address specific questions related to the provisions of the Law and the benefits deriving from it for potential strategic investors.