The EBRD in Kosovo

Overview
In depth
Data
News
Contacts

The EBRD has been investing in Kosovo since 2012

In Kosovo, we focus on developing a more competitive and inclusive private sector, supporting green-energy transition, and strengthening regional integration, connectivity and foreign investment.

A Kosovo success story: how EBRD investment is helping Ciao Berto to extend its production facilities and acquire new equipment. This is enabling the company to save energy and improve health and safety standards for its employees.

124

Number of projects to date

€800m

Cumulative EBRD investment

€513m

Cumulative disbursements

52%

Private sector share of portfolio

Number of active portfolio operations

€413m

Current portfolio of projects

€203m

Operating assets

Equity share of portfolio

17 December 2012

Joined the EBRD

5,800

Capital subscription (€000)

EBRD Governor: Hekuran Murati
EBRD Alternate Governor: Vacant
EBRD Board Director: Brendan O’Connor
EBRD Board Alternate Director: Miglė Tuskienė

EBRD Shareholders information

In Kosovo, we focus on developing a more competitive and inclusive private sector, supporting green-energy transition, and strengthening regional integration, connectivity and foreign investment.

Focus areas

Strengthening private-sector performance in the country

The EBRD will continue to pursue its objective of helping to deliver on Kosovo’s connectivity agenda, with an enhanced focus on project implementation. We will pay particular attention to accelerating the implementation of public-sector investments and supporting project delivery under the European Union's (EU) Economic and Investment Plan.

Supporting Kosovo’s transition to a green economy

The Bank is advancing its green agenda in Kosovo by promoting a more sustainable energy mix and greater resource efficiency. This includes expanding renewable energy capacity, diversifying energy generation and enhancing energy and resource efficiency. The EBRD supports both large- and small-scale renewable energy projects in Kosovo, providing direct assistance to large projects and supporting small ones through credit lines. Key initiatives involve financing and advisory support for small and medium-sized enterprises, efficiency improvements in the construction sector and engaging in policy development. The Bank plans to strengthen its collaboration with municipalities to drive investment in climate-resilient and sustainable infrastructure.

Strengthening regional integration, connectivity and foreign investment

We remain committed to strengthening regional integration, connectivity and foreign investment in the Western Balkans. Improved infrastructure – both within Kosovo and across the broader region – is essential to economic alignment with EU markets. By supporting critical infrastructure projects, the Bank aims to facilitate cross-border trade and investment, fostering economic growth and regional cooperation.

The EBRD’s latest strategy for Kosovo was adopted on 26 January 2022.

3.9%

EBRD forecast for Kosovo’s real GDP growth in 2025

3.9%

EBRD forecast for Kosovo's real GDP growth in 2026

Real GDP growth is estimated at 4.4 per cent in 2024, supported by strong private consumption, investment and tourism receipts related to visits by the diaspora. However, net exports remained negative due to higher imports, resulting in a widening of the current account deficit to 8.9 per cent of GDP from 7.5 per cent in 2023. Inflation has decelerated rapidly, from 14.2 per cent year on year in July 2022 to 0.4 per cent in October 2024, before rising to 1.7 per cent in February 2025.

Despite increased fiscal spending on capital investments and wages, the budget deficit remained at a similarly low level as in 2023 (0.3 per cent of GDP), thanks to a sharp rise in revenues. Real GDP growth forecasts have been revised down to 3.9 per cent in both 2025 and 2026 due to the expected indirect negative effects on remittances from higher import tariffs in the US. Kosovo could experience faster growth if public investment projects were implemented in a timelier manner. On the other hand, weakerthan-expected economic performance in the eurozone can negatively affect Kosovo’s growth, especially through lower remittances. In addition, the caretaker government’s mandate is limited, significantly hindering the implementation of structural reforms and capital expenditure projects.

Kosovo strategy and snapshot

Kosovo private-sector diagnostic

PDF format / 3.75 MB

Download

Kosovo strategy

PDF format / 1.31 MB

Download

Local language translation (Serbian)

PDF format / 1.48 MB

Download

Local language translation (Albanian)

PDF format / 1.47 MB

Download

Report on public comments

PDF format / 0.34 MB

Download

Kosovo country snapshot

PDF format / 1.77 MB

Download

Contact the EBRD in Kosovo

Head of Office, Sergiy Maslichenko

Address:

EBRD Pristina Resident Office, Rruga Prishtinë - Fushë Kosovë, PO Box 122, 10060 Pristina, Kosovo

Telephone:

+383 38 242 07000

Our story

How we invest in changing lives

What we offer for businesses

Search

The EBRD in Kosovo

A Kosovo success story: how EBRD investment is helping Ciao Berto to extend its production facilities and acquire new equipment. This is enabling the company to save energy and improve health and safety standards for its employees.

Focus areas

Strengthening private-sector performance in the country

Supporting Kosovo’s transition to a green economy

Strengthening regional integration, connectivity and foreign investment

Kosovo strategy and snapshot

Contact the EBRD in Kosovo

The EBRD in Kosovo

A Kosovo success story: how EBRD investment is helping Ciao Berto to extend its production facilities and acquire new equipment. This is enabling the company to save energy and improve health and safety standards for its employees.

Focus areas

Strengthening private-sector performance in the country

Supporting Kosovo’s transition to a green economy

Strengthening regional integration, connectivity and foreign investment

EBRD and ENEF II provide €25 million to Viva Fresh Kosovo to support expansion into Albania

EBRD and EU support the digitalisation of SMEs in Kosovo

EBRD launches portfolio risk-sharing product in Kosovo

Donor Partnerships

Project financing enquiries

Media enquiries

Our products and services

Where we invest

Our sectors