Message from the Executive Director,
Mr.Besnik vasolli
Dear Members and Partners,
June was a dynamic and strategically important month for KDWV, marked by strong institutional engagement, international cooperation, active member participation, and continued preparations for the 3rd German-Kosovar Economic Forum, taking place on 28–29 October 2026 in Prishtina.
One of the key highlights was the 15th General Assembly of Members, where we presented our annual activities and financial reports, reflected on the progress achieved, and discussed strategic priorities for the period ahead. The Assembly reaffirmed KDWV’s role as a trusted platform for businesses and as an important bridge for strengthening economic cooperation between Kosovo and Germany.
We were also pleased to welcome Minister Mimoza Kusari-Lila to KDWV for an open discussion on economic development, investment promotion, workforce development and the role of the private sector in supporting sustainable growth.
Preparations for the German-Kosovar Economic Forum have now entered an intensive phase. This year’s Forum will focus on industrial development, nearshoring, renewable energy, digital transformation, investment financing, workforce development and practical opportunities for companies looking to establish or expand cooperation between Kosovo and Germany. Our ambition is to further position the Forum as the leading bilateral economic platform connecting German and Kosovar businesses.
June also reflected the strength of our international partnerships. We welcomed a delegation from the Handwerkskammer Region Stuttgart, continuing the work of the Stuttgart–Kosovo Action Committee in vocational education, skilled labour development, crafts and SME internationalisation. Together with GIZ, KDWV also contributed to the Business Green Print initiative, supporting dialogue on green transformation, sustainability and the competitiveness of Kosovo’s private sector.
International promotion remained a key priority. At Intersolar Europe 2026, KDWV presented Kosovo’s renewable energy potential, engaged with German and international companies, and promoted investment opportunities in renewable energy, energy storage and industrial cooperation.
Alongside these initiatives, we continued our regular work through member visits, cluster meetings, advocacy activities and direct engagement with companies across sectors. As we enter the second half of the year, our focus remains on creating meaningful partnerships, supporting our members, attracting new investment and strengthening economic relations between Kosovo and Germany.
We look forward to continuing this journey together and to welcoming you to the 3rd German-Kosovar Economic Forum in October.
This Month at KDWV – Key Highlights
15th General Assembly of Members
On June 4th, the German-Kosovar Business Association (KDWV) successfully held its 15th General Assembly of Members, bringing together members and partners to review the association’s achievements and future priorities.
During the assembly, the 2025 Annual and Financial Reports alongside the 2026 Annual Plan were presented, followed by insights from the financial statement review and the selection of auditors for 2026–2027. A special highlight of the evening was a token of appreciation presented to Mr. Christian Böttcher, Deputy Chief of Mission at the German Embassy, honoring his invaluable support as his mandate in Kosovo nears its end.
The evening concluded with a relaxed networking reception, made possible through the generous support of event sponsors APPK, Bizmark, and DSS.
KDWV and German Embassy Host Minister Kusari-Lila for Institutional Exchange
On June 11th, the German-Kosovar Business Association (KDWV), alongside representatives from the German Embassy in Kosovo, welcomed Minister Mimoza Kusari-Lila for an institutional exchange focused on economic cooperation and private sector development.
The meeting provided a key platform to showcase KDWV’s role in connecting businesses and German partners, with discussions highlighting investment opportunities, dual education, and stronger ties between the private sector and vocational training. The Deputy Chief of Mission of the German Embassy, Mr. Christian Böttcher, emphasized the long-standing bilateral partnership, while Minister Kusari-Lila shared the Government’s ongoing efforts to enhance the economic environment for investors, reinforcing KDWV’s commitment to serve as a vital bridge between Kosovo and Germany.
KDWV Promotes Kosovo’s Green Energy Potential at Intersolar Europe in Munich
On June 25th, the German-Kosovar Business Association (KDWV) leveraged Intersolar Europe 2026 in Munich as a premier platform to connect Kosovo with the international renewable energy community. Representing KDWV, Executive Director Besnik Vasolli and Head of Advocacy Rreze Gashi met with potential German and global partners to present Kosovo’s Energy Strategy, ongoing energy transition, and emerging opportunities for tech providers, engineering firms, and industrial investors.
The delegation also promoted the upcoming 3rd German-Kosovar Economic Forum, scheduled for October 28–29, 2026, in Pristina. Additionally, KDWV visited the pavilions of two exhibiting Kosovar companies, Electra and Concentrix, whose presence highlighted the growing competitiveness and international ambition of Kosovo’s private sector.
Business GreenPrint: Dialogue on Kosovo’s Green Transition
KDWV was pleased to support Business GreenPrint, an event that brought together the private sector, institutions, and experts to discuss the green transition as a concrete business reality.
The discussion focused on investments, financing opportunities, skills development, and the steps needed to support a more sustainable and competitive economy in Kosovo.
We thank all participants for their valuable insights, perspectives, and commitment to advancing Kosovo’s green growth.
Economic Implications of the Iran Conflict for Kosovo Discussed at KDWV
The German-Kosovar Business Association (KDWV), in cooperation with the German Economic Team (GET) and the German Embassy in Kosovo, organized a roundtable discussion on “Economic Implications of the Iran Conflict for Kosovo.”
Although Kosovo has very limited direct economic relations with Iran, the discussion highlighted that global energy market developments directly affect Kosovo’s economy, businesses, and consumers. According to GET’s analysis, Kosovo’s 2026 inflation forecast has been revised from 3.1% to 5.9%, while economic growth is expected to decrease from 3.8% to 3.3%. Rising oil prices are estimated to cost Kosovo around EUR 121 million in additional expenses.
The discussion also emphasized the importance of strengthening economic resilience through productivity, investment, exports, and the green transition.
KDWV thanks GET, the German Economic Team, the German Embassy in Kosovo, and all participants for their valuable contribution.
KDWV Hosts Clean Call Alliance Meeting to Advance BPO Industry Standards
The German-Kosovar Business Association organized a meeting of the Clean Call Alliance (CCA) network, which represents the interests of some of the largest and most successful companies in Kosovo’s BPO sector.
The meeting was opened by the Executive Director of OEGJK, Mr. Besnik Vasolli, who welcomed the participants and emphasized the importance of dialogue among companies in addressing common challenges and strengthening the sector in Kosovo.
Through this network, OEGJK advocates with a unified voice for the improvement of good ethical practices and the advancement of professional standards in the BPO industry.
Manufacturing and Supply Chain Cluster Meeting Held at KDWV
The regular meeting of the Manufacturing and Supply Chain Cluster was held at the premises of the German-Kosovar Business Association (KDWV), bringing together member companies to discuss developments, challenges, and cooperation opportunities in the manufacturing sector.
The meeting focused on supply chains, private sector needs, strengthening local capacities, and opportunities for sustainable business growth.
In the second part, KDWV welcomed representatives from HELVETAS – GPEK, who presented the “Greening Private Enterprises in Kosovo” project, funded by SDC and Sida and implemented by Helvetas Kosovo. The presentation also opened a discussion with Cluster members on the challenges, priorities, and concrete needs of companies in the green transition process.
Oxford Studio Students Visit KDWV for Children’s Day
On June 1st, German language students from Oxford Studio ELT visited the German-Kosovar Business Association (KDWV). During the visit, they had the opportunity to explore KDWV’s activities and learn firsthand about the strong bilateral relations between Kosovo and Germany.
The session offered the young learners a clearer understanding of how economic cooperation and partnership between both countries work in practice.
KDWV’S MEMBER VISIT
MEMBER SPOTLIGHT
Turning waste into resources and sustainability into business value
Horn & Co. Group demonstrates how the circular economy can work in practice: recovering valuable materials from industrial processes, processing them, and returning them to the economic cycle. The result is less waste, lower emissions and more efficient use of resources.
Together with Germany’s Deputy Head of Mission, Christian Böttcher, KDWV visited Horn & Co. Group to learn more about its innovative approach to sustainable industry and resource management.
The exchange focused on the growing importance of circular economy solutions, sustainable industrial development and opportunities for future cooperation through the KDWV network
Visit to Dr. Limbach Kosova
KDWV had the pleasure of visiting the German Medical Laboratory Dr. Limbach Kosova and meeting Dr. Nexhat Miftari and his team.
As a KDWV member, Dr. Limbach Kosova represents an important example of German investment in Kosovo’s healthcare sector, bringing professional expertise, modern laboratory technology, and German standards to the country.
During the visit, the team presented the laboratory’s automated systems and advanced diagnostic solutions, which contribute to higher-quality healthcare services.
KDWV thanks Dr. Miftari and the Dr. Limbach Kosova team for their warm welcome and valuable exchange.
Cybee.ai Represents Kosovo at the Vienna Economic Forum
Cybee.ai, a member of the KDWV community, was part of Kosovo’s official delegation at the Vienna Economic Forum, where co-founder Kristian Kabashi presented before international business leaders and policymakers.
As a Swiss-Albanian company based in Zurich with an engineering team in Prishtina, Cybee.ai highlights the potential of Kosovo’s talent in developing European solutions in AI, cybersecurity, and digital compliance.
KDWV is proud to see its members contributing to international platforms and promoting Kosovo’s potential in European markets.
Concentrix at the Vienna Economic Forum 2026!
As a member of the German-Kosovar Business Association, Concentrix continues to highlight Kosovo’s growing potential as a destination for talent, innovation, and business development.
With over 10 years of presence in Kosovo, Concentrix has become part of the country’s business success story, supporting local talent and contributing to Kosovo’s role in the regional economy.
We are pleased to see our member Concentrix represented at the Vienna Economic Forum 2026, where Kosovo’s economic potential and opportunities for international cooperation are being presented.
CACTTUS: Driving Digital Transformation from Kosovo
As part of the KDWV community, CACTTUS represents one of Kosovo’s leading examples of technology sector development and its potential to create value in both local and international markets.
With over 25 years of experience, CACTTUS provides solutions in IT, telecommunications, system integration, cybersecurity, software development, and smart technologies.
Through projects in digitalization, urban mobility, smart infrastructure, and the modernization of public and private services, CACTTUS highlights the important role of Kosovo’s technology companies in building a more competitive and digitally advanced economy.
KDWV remains committed to promoting its members and their contribution to economic development, innovation, and stronger business ties between Kosovo and Germany.
Kosovo Precision Powering European Industry
Noll MaschinenBau LLC is a Kosovo-based company specializing in high-precision CNC milling and turning for advanced industrial sectors, including automotive, industrial machinery, automation and mechanical engineering.
With around 98% of its production exported to Germany, Switzerland and Austria, the company reflects Kosovo’s growing technical expertise and its potential to serve as a reliable and competitive partner in European industrial supply chains.
ARTICLES
CBK Signs Memorandum of Understanding with the Central Bank of the United Arab Emirates
The Governor of the Central Bank of the Republic of Kosovo (CBK), Ahmet Ismaili, and the Governor of the Central Bank of the United Arab Emirates (CBUAE), Khaled Mohamed Balama, have signed a Memorandum of Understanding (MoU) in Abu Dhabi.
The agreement includes cooperation and the provision of bilateral expertise in the following strategic areas:
Exchange of practices in the development of financial technology to keep pace with rapid transformations in the financial sector;
Monetary policy, macroprudential measures, and financial stability;
Protection of financial consumers, financial inclusion and education, Islamic banking, banking supervision, as well as the supervision and oversight of payment systems;
Combating money laundering (AML/CFT) and the implementation of international prudential standards.
This partnership with one of the most powerful financial hubs in the world (UAE) signifies a safer, more innovative banking system with access to the best international practices. Modernizing payment systems and regulating FinTech can pave the way for faster and cheaper financial services for our businesses.
The First Meeting of the Monitoring Committee for the Reform and Growth Facility (RGF)
Kosovo is one step closer to unlocking crucial European integration reforms and benefiting a major financial backing. The first meeting of the Monitoring Committee for the Reform and Growth Facility (RGF) was held within the framework of the European Union’s Growth Plan for the Western Balkans.
The comitte mapped out the action plan for implementing reforms in key areas: public administration reform and public financial management, the green and digital transition, private sector development and the business environment, human capital, as well as fundamental rights and the rule of law.
Under this strategic plan, Kosovo is expected to benefit from a financial support of 882.6 million euros from the EU – one third in the form of grants and two thirds in the form of loans with favorable conditions.
Both sides emphasized the importance of implementing all 111 reform steps provided for in the Reform Agenda and fully utilizing the opportunities offered by the Reform and Growth Facility, as well as the Growth Plan as a whole, to accelerate Kosovo’s European integration process.
The parties noted that the grace period for the implementation of 13 reform steps (with a total value of 90.8 million euros), ends on June 30, 2026. Meanwhile, the grace period for 27 other reform steps (with a total value of 165.9 million euros), will end at the end of December 2026.
Back on track? – a closer look at the 5,4% quarterly GDP growth
After a historically low first quarter last year, Kosovo’s economy seems to be back on track. A real GDP growth of 5,4% is the strongest growth in over two years, proceeding last quarters growth increase.
But where did the sudden increase by almost 2% come from? And just how sustainable is this growth, especially in the long run?
Within different economics activities, the highest growth was recorded in public spending1 at 22.11%, with growth in arts, entertainment, and recreation, production activities of households for own use, and other services also being high at 13%.
Critical Engagement
As households suffer under price increases for energy and transport by 13% on average2, the growth results start to show their first cracks. Consumers seem to be adjusting their spending accordingly, as private consumption of goods and services decreases by almost 1%.
Overall inflation also surpasses growth and currently stands at 6,8%, the highest in three years. The Central Bank of the Republic of Kosovo’s latest quarterly assessment of the economy suggests that it’ll remain so. If geopolitical tensions remain stubbornly high, it will increase pressure on energy prices, that will translate into domestic prices and ultimately inflation figures, the report suggests.
Hence, the currently ongoing peace negotiations between the USA and Iran could very well determine whether the best-case scenario of the report, an inflation of 3,4% in 2026, is still possible. The latest Economic Monitor by the German Economic Team doesn’t suggest so and expects a lasting effect on inflation for Kosovo throughout 2026.
Recommendations
Whilst gross capital formation and imports were only able to record modest below average growth, differentiating between sector specific growth shows two championing sectors: exports and government expenditure.
Government expenditure grew by a staggering 16,5%. Whilst for now, large parts of the spending are dedicated to wages, social benefits and other intermediate government consumption, last years spending history showed that government procurement and capital formation picked up throughout the year. With spending now already ca. 13% higher than in Q1/2025, opportunities for opportunities for public tenders and public-private partnerships could open up.
Exports grew even more by 17,3% being a strong sign that Kosovo’s goods and services are finding buyers abroad. If your product has the potential for a foreign market and/or suffering under the bad domestic consumer sentiment, now is the time to enter a foreign market. Even more so if you are financially able, to avoid capital deprecation due to high inflation.
Another sector independent from government arbitrariness and volatility of international markets is FinTech which has again and again proven to be a consistent driver of growth. Kosovo’s unique workforce demographics, with half the population under 27, offers a vibrant labor supply. As AI increasingly penetrates processes, Kosovo’s combination of a young, adaptable workforce and competitive costs makes it an ideal hub for outsourcing and development work.
Prishtina, June 2026
