Kosovo’s gross external debt decreased by EUR 67.4mn this year (4.4% quarterly drop) to EUR 1.45bn at end-March 2013, preliminary central bank data showed.
However, the debt increased 8.8% in annual terms to 26.7% of the full-year GDP forecast at end-March 2013, up from 26.2% in the same period last year.
The external public debt* declined 0.9% q/q to EUR 397.9mn over the period, equalling 7.3% of GDP. Its share in total debt increased to 27.4% from 26.4% at end-2012. The external debt of the government went down 1.1% q/q to EUR 332.8mn, while the c-bank debt edged up 0.2% q/q to EUR 65.1mn
The private sector's external borrowing declined 5.7% q/q to EUR 1bn and accounted for 19.4% of GDP at end-March. Banks' external indebtedness went up 3.5% q/q to EUR 181.7mn. On the other hand, the liabilities of the non-banking sector tumbled 22% q/q to EUR 273.7.
*External public debt consists of general government and central bank debt.
|Gross external debt (EUR mn)||Q1 2012||Q4 2012||Q1 2013||Change, q/q|
|- Central bank||65.3||65||65.1||0.20%|
|- Other sectors||277.1||350.9||273.7||-22%|
|- Intercompany lending||580.9||589.7||596.6||1.20%|
|Source: Kosovo c-bank|
The dust has barely settled after Kosovo’s snap general election — it took nearly three months to form a government with the new cabinet being voted in on September 9 — and Kosovans are heading ... more
A member of Kosovo’s ruling coalition was arrested on October 16 on suspicion of being involved in a visa scam. Kosovo is the last country in Europe whose nationals still require visas to ... more
The construction of a highway between the largest town in northern Serbia, Nis, and Kosovo’s capital Pristina, will start in 2018, Serbia’s Deputy Prime Minister and Minister of Construction, ... more