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The majority of Serbian banks previously licensed by the National Bank of Serbia to operate in Kosovo have been shut down. These banks previously operated in the official currency of Serbia, the Serbian dinar. [2] Komercijalna Banka ad Beograd is now licensed through the Central Bank of Kosovo. [1]
Erste Group Bank AG (shortened version Erste Group) is an Austrian financial service provider.It is one of the largest financial service providers in Central and Eastern Europe serving more than 16 million clients in over 2,000 branches in seven countries. [3]
The following are the objectives of the Central Bank of Kosovo, as listed in "Objectives," Article 7, Chapter III of the Law No. 03/L-209 [5]The primary objective of the Central Bank shall be to foster and to maintain a stable financial system, including a safe, sound and efficient payment system.
Government building in Pristina.. The Government of Kosovo (Albanian: Qeveria e Kosovës, Serbian: Влада Косова / Vlada Kosova) exercises executive authority in the Republic of Kosovo.
The bank was founded in 1864 as Novosadska banka. In August 2005, Austrian Erste Bank took over the bank's majority share (83.3%) from the Serbian government for € 73.2 million. By May 2006, Erste Bank had close to 100% ownership share in the bank, that later that year officially changed its name to "Erste Bank Novi Sad".
Kosovo is an upper-middle income economy according to the World Bank, [18] and is a member of the World Bank and the International Monetary Fund. Its official currency is the euro . Kosovo has seen consistent economic growth since the end of the Kosovo War in 1999, with a positive growth rate in every year except 2020, during the COVID-19 ...
During the late 1980s, nationalism was on the rise throughout the Socialist Federal Republic of Yugoslavia.Since 1974 the province of Kosovo, although part of the Socialist Republic of Serbia, was a self-governed entity over which the Serbian parliament had almost no factual control (see Political status of Kosovo).
The Assembly of the Republic of Kosovo (Albanian: Kuvendi i Republikës së Kosovës; Serbian: Скупштина Републике Косово, Skupština Republike Kosovo) or the Kuvendi, [g] is the unicameral legislature of the Republic of Kosovo that is directly elected by the people every four years.