Investor Presentaiton
Opportunities to Foreign Investment in Kosovo
6. CHAPTER SIX - Privatization in Kosovo
In this chapter will be discussed about the privatization process in Kosovo and will be
analyzed three case studies of PTK, KEDS and PIA.
Privatization is an alternative way of distributing and choosing the means of generating
wealth. Consequently, it may also be considered as a distribution of political and
economic power in the long run (Bitzenis, 2009, 57).
The main objectives of privatization may be summarized in the following":
• The reduction of the state sector
•
Promotion of wide share ownership
•
Greater efficiency within privatized entities, coupled with profit motivated
decisions
•
Raising revenue for the government
•
Reduced government interference, increasing speed of decision making
•
Introduction or enhancement of competition.
•
Exposure to the disciplines and opportunities of private sector markets for capital
and other resources.
The Privatization Agency of Kosovo (PAK) is established as an independent public body
that shall carry out its functions and responsibilities with full autonomy, by the Assembly
of Kosovo Law No. 03/L-067, on the PAK.
Over the past years, Kosovo has embarked upon major social and economic
developments that shape the future of the country. One of the processes is privatization of
the previously socially-owned enterprises (SOE).
Professor Mohammed Fatthy Mahmoud, Privatization: A Solution to Problems of Public Enterprises, King Saud
University, Riyadh, Saudi Arabia, p.37
6
40
40View entire presentation