The Government has taken all measures to successfully privatize PTK

Prishtina, 05. 04. 2012 – The Government of Republic of Kosovo remains dedicated to the implementation of adequate reforms in the sphere of economy, in order to guarantee economic development sustainability. In this context, the Government is engaged in advancing structural reform in Republic of Kosovo and establishing a market of European standards, which will be ready to face EU market competition, part of which we also aim to become in the future.

Also, we remain strongly committed to increasing competitiveness, strengthening the private sector, generating employment, establishing a safe and stable business environment and improving Kosovo’s investment image.

For its part, the Government has undertaken all measures which contribute to the creation of adequate conditions for the functioning of PTK, by approving PTK’s business plan and separating the Post from Telecom, which will be privatized. It also welcomed the readiness of PTK’s Board of Directors to diminish operational expenditure of the Post and Telecommunications of Kosovo, in order to bring them to the level of other sister companies in the region.

The Government further welcomes the decision of the Board of Directors to appoint the Chief Executive Officer of the Kosovo Telecom, hence MED expresses full support to all decisions of the Board of Director and senior management, which are aimed at increasing the value of the company’s assets.

The Government and the Ministry of Economic Development remain strongly engaged in ensuring maximum respect of the decisions of the Government and of the Assembly of Republic of Kosovo and of the applicable laws, while ensuring full procedural transparency during the privatization of Kosovo Telecom, in order to ensure the greatest benefits for the country’s citizens and to preserve the value of public companies’ assets.