Source: Bank for International Settlements
Distinguished media representatives,
First of all, let me thank you for your presence at this year-end conference and for the continuous and effective cooperation we have cultivated over the years in order to properly inform the public about the economic and financial developments in the country.
Communication with the media is always a very important part of the CBK activity, but in this very challenging year for all of us, communication with the media has been extremely important. Through fair reporting from your part, we have managed to keep the public well informed about developments and mitigation measures in the country’s economy, influencing the behavior of the public in relation to the conditions created in the economy to be rational. Therefore, I would like to take this opportunity to express my high appreciation for the sacrifice and professionalism shown during this difficult year.
Despite the difficulties we have faced, I am happy that the Central Bank of the Republic of Kosovo has managed to implement its objectives this year as well, ensuring a stable financial system, which not only managed to withstand the developments of unfavorable economic situation in the country, but also became one of the main pillars of support for businesses and individuals who faced financial difficulties due to the pandemic crisis.
Now, let me present to you a summary of the developments that characterized the country’s economy and financial system during this year, based on the latest data available to the relevant sectors.