Economy Of Kosovo
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Economy Of Kosovo
Kosovo is a developing country with an economy that functions on the principles of the free market, with a large private sector. Kosovo is an upper-middle income economy according to the World Bank, 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 pandemic. Its main trading partner is the European Union, with roughly 40% Kosovo's 2023 trade volume being done with the block, led by Germany, Italy and Greece. CEFTA countries make up another major part of Kosovo's trade partners, with Albania, North Macedonia, and Serbia being Kosovo's main regional trade partners. Other important trade partners include the United States, Turkey, Switzerland, and China. Despite its high endowment with lignite, Kosovo is currently undergoing an energy transition, attempting to phase-out ...
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Pristina
Pristina or Prishtina ( , ), . is the capital and largest city of Kosovo. It is the administrative center of the eponymous municipality and District of Pristina, district. In antiquity, the area of Pristina was part of the Dardanian Kingdom. The heritage of the classical era is represented by the settlement of Ulpiana. After the Roman Empire was divided into a western and an eastern half, the area remained within the Byzantine Empire between the 5th and 9th centuries. In the middle of the 9th century, it was ceded to the First Bulgarian Empire, before falling again under Byzantine occupation in the early 11th century and then in the late 11th century to the Second Bulgarian Empire. The growing Kingdom of Serbia (medieval), Kingdom of Serbia annexed the area in the 13th century and it remained under the Serbian Empire in the 14th century up to the start of the Ottoman era (1389–1455). The next centuries would be characterized by Ottoman Empire, Ottoman rule. During this per ...
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Kosovo Agency Of Statistics
The Kosovo Agency of Statistics ('', ACK;'' ) is the national statistics bureau of Kosovo. It was officially established in 1948, but restarted working as an independent agency in 1999. After Kosovo's declaration of independence in 2008, the ''ACK'' organized Kosovo's first population census in 2011. It is supported by international organizations and statistic agencies, like the OSCE, United Nations, etc. As of 2011, the bureau works within the Kosovo Prime Ministry framework. The last census organized by Kosovo Agency of Statistics took place during April and May of 2024. See also * Demographics of Kosovo References {{National statistical services of Europe Organizations established in 1948 Kosovo Kosovo, officially the Republic of Kosovo, is a landlocked country in Southeast Europe with International recognition of Kosovo, partial diplomatic recognition. It is bordered by Albania to the southwest, Montenegro to the west, Serbia to the ... Organizations base ...
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Albania
Albania ( ; or ), officially the Republic of Albania (), is a country in Southeast Europe. It is located in the Balkans, on the Adriatic Sea, Adriatic and Ionian Seas within the Mediterranean Sea, and shares land borders with Montenegro to the northwest, Kosovo to the northeast, North Macedonia to the east and Greece to the south. With an area of , it has a varied range of climatic, geological, hydrological and morphological conditions. Albania's landscapes range from rugged snow-capped mountains in the Accursed Mountains, Albanian Alps and the Korab, Central Mountain Range, Albania#Skanderbeg Mountains, Skanderbeg, Pindus and Ceraunian Mountains, to fertile lowland plains extending from the Albanian Adriatic Sea Coast, Adriatic and Albanian Ionian Sea Coast, Ionian seacoasts. Tirana is the capital and largest city in the country, followed by Durrës, Vlorë, and Shkodër. Albania was inhabited by several List of Illyrian peoples and tribes, Illyrian tribes, among them the A ...
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Greece
Greece, officially the Hellenic Republic, is a country in Southeast Europe. Located on the southern tip of the Balkan peninsula, it shares land borders with Albania to the northwest, North Macedonia and Bulgaria to the north, and Turkey to the east. The Aegean Sea lies to the east of the Geography of Greece, mainland, the Ionian Sea to the west, and the Sea of Crete and the Mediterranean Sea to the south. Greece has the longest coastline on the Mediterranean Basin, spanning List of islands of Greece, thousands of islands and nine Geographic regions of Greece, traditional geographic regions. It has a population of over 10 million. Athens is the nation's capital and List of cities and towns in Greece, largest city, followed by Thessaloniki and Patras. Greece is considered the cradle of Western culture, Western civilisation and the birthplace of Athenian democracy, democracy, Western philosophy, Western literature, historiography, political science, major History of science in cl ...
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Italy
Italy, officially the Italian Republic, is a country in Southern Europe, Southern and Western Europe, Western Europe. It consists of Italian Peninsula, a peninsula that extends into the Mediterranean Sea, with the Alps on its northern land border, as well as List of islands of Italy, nearly 800 islands, notably Sicily and Sardinia. Italy shares land borders with France to the west; Switzerland and Austria to the north; Slovenia to the east; and the two enclaves of Vatican City and San Marino. It is the List of European countries by area, tenth-largest country in Europe by area, covering , and the third-most populous member state of the European Union, with nearly 59 million inhabitants. Italy's capital and List of cities in Italy, largest city is Rome; other major cities include Milan, Naples, Turin, Palermo, Bologna, Florence, Genoa, and Venice. The history of Italy goes back to numerous List of ancient peoples of Italy, Italic peoples—notably including the ancient Romans, ...
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Germany
Germany, officially the Federal Republic of Germany, is a country in Central Europe. It lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen States of Germany, constituent states have a total population of over 84 million in an area of , making it the most populous member state of the European Union. It borders Denmark to the north, Poland and the Czech Republic to the east, Austria and Switzerland to the south, and France, Luxembourg, Belgium, and the Netherlands to the west. The Capital of Germany, nation's capital and List of cities in Germany by population, most populous city is Berlin and its main financial centre is Frankfurt; the largest urban area is the Ruhr. Settlement in the territory of modern Germany began in the Lower Paleolithic, with various tribes inhabiting it from the Neolithic onward, chiefly the Celts. Various Germanic peoples, Germanic tribes have inhabited the northern parts of modern Germany since classical ...
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European Union
The European Union (EU) is a supranational union, supranational political union, political and economic union of Member state of the European Union, member states that are Geography of the European Union, located primarily in Europe. The union has a total area of and an estimated population of over 449million as of 2024. The EU is often described as a ''sui generis'' political entity combining characteristics of both a federation and a confederation. Containing 5.5% of the world population in 2023, EU member states generated a nominal gross domestic product (GDP) of around €17.935 trillion in 2024, accounting for approximately one sixth of global economic output. Its cornerstone, the European Union Customs Union, Customs Union, paved the way to establishing European Single Market, an internal single market based on standardised European Union law, legal framework and legislation that applies in all member states in those matters, and only those matters, where the states ...
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COVID-19 Pandemic
The COVID-19 pandemic (also known as the coronavirus pandemic and COVID pandemic), caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), began with an disease outbreak, outbreak of COVID-19 in Wuhan, China, in December 2019. Soon after, it spread to other areas of Asia, and COVID-19 pandemic by country and territory, then worldwide in early 2020. The World Health Organization (WHO) declared the outbreak a public health emergency of international concern (PHEIC) on 30 January 2020, and assessed the outbreak as having become a pandemic on 11 March. COVID-19 symptoms range from asymptomatic to deadly, but most commonly include fever, sore throat, nocturnal cough, and fatigue. Transmission of COVID-19, Transmission of the virus is often airborne transmission, through airborne particles. Mutations have variants of SARS-CoV-2, produced many strains (variants) with varying degrees of infectivity and virulence. COVID-19 vaccines were developed rapidly and deplo ...
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Kosovo War
The Kosovo War (; sr-Cyrl-Latn, Косовски рат, Kosovski rat) was an armed conflict in Kosovo that lasted from 28 February 1998 until 11 June 1999. It was fought between the forces of the Federal Republic of Yugoslavia (FRY), which controlled Kosovo before the war, and the Kosovo Albanian separatist militia known as the Kosovo Liberation Army (KLA). The conflict ended when the North Atlantic Treaty Organization (NATO) intervened by beginning air strikes in March 1999 which resulted in Yugoslav forces withdrawing from Kosovo. The KLA was formed in the early 1990s to fight against the discrimination of ethnic Albanians and the repression of political dissent by the Serbian authorities, which started after the suppression of Kosovo's autonomy and other discriminatory policies against Albanians by Serbian leader Slobodan Milošević in 1989. The KLA initiated its first campaign in 1995 ...
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Euro
The euro (currency symbol, symbol: euro sign, €; ISO 4217, currency code: EUR) is the official currency of 20 of the Member state of the European Union, member states of the European Union. This group of states is officially known as the euro area or, more commonly, the eurozone. The euro is divided into 100 1 euro cent coin, euro cents. The currency is also used officially by the institutions of the European Union, by International status and usage of the euro, four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. The euro is used by 350 million people in Europe and additionally, over 200 million people worldwide use currencies pegged to the euro. It is the second-largest reserve currency as well as the second-most traded currency in the world after the United Sta ...
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Free Market
In economics, a free market is an economic market (economics), system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of Forms of government, government or any other external authority. Proponents of the free market as a normative ideal contrast it with a regulated market, in which a government intervenes in supply and demand by means of various methods such as taxes or regulations. In an idealized free market economy, prices for goods and services are set solely by the bids and offers of the participants. Scholars contrast the concept of a free market with the concept of a Coordinated market economy, coordinated market in fields of study such as political economy, new institutional economics, economic sociology, and political science. All of these fields emphasize the importance in currently existing market systems of rule-making institutions external to th ...
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Developing Country
A developing country is a sovereign state with a less-developed industrial base and a lower Human Development Index (HDI) relative to developed countries. However, this definition is not universally agreed upon. There is also no clear agreement on which countries fit this category. The terms low-and middle-income country (LMIC) and newly emerging economy (NEE) are often used interchangeably but they refer only to the economy of the countries. The World Bank classifies the world's economies into four groups, based on gross national income per capita: high-, upper-middle-, lower-middle-, and low-income countries. Least developed countries, landlocked developing countries, and small island developing states are all sub-groupings of developing countries. Countries on the other end of the spectrum are usually referred to as high-income countries or developed countries. There are controversies over the terms' use, as some feel that it perpetuates an outdated concept of "us" and ...
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