UNMIK/PR/754
SRSG Michael Steiner signed two regulations today that pave the way for privatization of socially-owned enterprises in Kosovo.
The signing ceremony at UNMIK headquarters in Pristina was attended by Jurgen Voss, deputy DSRSG of the EU Pillar IV, UNMIK Legal Advisor Alexander Borg-Olivier and World Bank representative Sidi M. Boubacar.
“A functioning market economy is one of the eight benchmarks,” said SRSG Michael Steiner. “A market economy needs privatization. We now have the framework for this.”
Regulation 2002/12 establishes the Kosovo Trust Agency and Regulation 2002/13 sets up a Special Chamber of the Supreme Court of Kosovo on Kosovo Trust Agency matters.
The role of the Kosovo Trust Agency will be to manage the privatization of socially owned enterprises and to oversee the management of public owned enterprises in Kosovo.
