Kosovo allocates €87mn for economic recovery programme

By bne IntelliNews September 29, 2020

Kosovo’s government allocated €87mn for the implementation of the economic recovery plan to support firms and citizens affected by the coronavirus (COVID-19) epidemic, PM Avdullah Hoti said on September 28.

The allocated financing is within the Fund for Economic Recovery, which amounts to €385mn.

In a Facebook post, Hoti announced that €60mn will be allocated as subsidies for companies to pay salaries to their workers. The funds will be allocated based on the number of employees declared at the end of December.

The government will allocate additional €7.5mn for receivers of social assistance for the last three months of the year, while €12mn will be spent for increasing subsidies in agriculture.

€2.5mn is earmarked to support culture, youth and sports.

The government allocated €1mn for entrepreneurship, and the same amount of money for firms with financial difficulties, for regional development projects, for employment of women as well as for low-income families from other communities.

Related Articles

€2.1mn stolen from Kosovo state treasury, one person detained

Kosovo police said that €2.1mn has been stolen from the state treasury and one suspect has been arrested, while two others are still on the run. The scandal took place after Prime Minister ... more

Kosovo’s PM sacks heads of police, customs and tax directorate

Kosovo’s Prime Minister Avdullah Hoti dismissed the head of the police, as well as directors of Kosovo’s customs and the national tax agency on October 16. The reasons for the ... more

Trump claims he stopped “mass killings” in Serbia and Kosovo

US President Donald Trump claimed during an election campaign rally in North Carolina that he deserves a Nobel Peace Prize for “stopping mass killings between Kosovo and Serbia”. Trump made ... more