Prishtina, 16 April 2013
The Government of the Republic of Kosovo held its 125th meeting, in which it approved the Report of the Government Committee on the Privatization of the Kosovo Post and Telecommunications and required the Committee to proceed with further procedures and deadlines for the privatization of 75% of the shares of the Kosovo Post and Telecommunications.
The Minister of Economic Development, Besim Beqaj, informed the government cabinet about the development of the privatization of 75% (seventy five per cent) of the shares in the Public Enterprise – the Kosovo Post and Telecommunications, J.S.C.
The privatization of the Kosovo Post and Telecommunications is being directed by a Government Committee, comprised by the following:
1. Besim Beqaj, Minister of Economic Development, chair;
2. Mimoza Kusari, Minister of Trade and Industry, member;
3. Fehmi Mujota, Minister of Infrastructure, member;
4. Nenad Rashiq, Minister of Labor and Social Welfare, member;
5. Bedri Hamza, Minister of Finance, member.
In the process of privatizing 75% of the shares in the Kosovo Post and Telecommunications, the Government committee had the support of two transaction advisors and a Strategic Advisor, which oversaw the entire process and assessed its accordance with Kosovo’s legislation.
Minister Beqaj informed the government cabinet that the 75% relates to the sale of PTK operating assets, whereas PTK’s physical assets will be inherited by the new public enterprise, the Kosovo Post, established by the Kosovo Government.
The sale of 75% of the shares of the Kosovo Post and Telecommunications will create a strategic public-private partnership to develop this sector, with a serious and economically powerful operator.
The new enterprise which will be created after privatization will be a strong contributor to the Kosovo budget through the payment of taxes and sharing of 25% of the dividends with the Government of the Republic of Kosovo. The new enterprise has provided guarantees to all employees for the next 3 (three) years and obligations to the Public Enterprise – the Kosovo Post, to use its physical assets.
The Deputy Prime Minister and Minister of Trade and Industry, Mimoza Kusari, advised the government cabinet that the National Council on Economic Development supports this process and she added that the Kosovo Chamber of Commerce, the Business Alliance and the American-Kosovar Chamber of Commerce had also declared their support for the process.
Last modified: July 31, 2022