The country rating by Fitch Ratings for Kosovo opens a new window for investments

The country rating by Fitch Ratings for Kosovo opens a new window for investments

Today, Kosovo marked a very important moment in its path towards economic development. In a ceremony held with the participation of key government officials and representatives of international institutions, Kosovo marked the receipt of the credit rating that will be the guide for foreign investments in our country.

Prime Minister Albin Kurti, together with ministers and important figures of the financial sector, reflected on the recent achievements of Kosovo in the field of economic policies. He highlighted the fundamental changes that have influenced the high rating, including the reduction of the budget deficit, sustainable economic growth, and responsible management of public finances.

Along with the main figures of the government and international institutions, important personalities from the banking sector, Mr. Suat Bakkal, Chairman of the Board of Kosovo Banking Association and Chief Executive Officer of BKT, participated in the ceremony and the panel for the credit rating of Kosovo. His contribution offered an important perspective on the impact of credit assessment on the development of the banking and financial system in the country.

The Fitch report estimated that the Banking Sector of Kosovo has stable foundations and is well capitalized with first class capital that reached 13.9% of risk-weighted assets at the end of 2023. The report also estimates that the indicator of non-performing loans is very low falling to 1.9% at the end of 2023.

The Minister of Finance, Hekuran Murati, emphasized that this assessment puts Kosovo in a very favorable position to enter the international financial markets, while the representative of the Central Bank, Ahmet Ismaili, added that the economic policies have helped to reduce the public debt and increase of gross domestic product.

Ultimately, this event not only marks an important success for Kosovo in the international arena, but also paves the way for a more stable economic future for all citizens and investors.