KOSOVO | Two-day training on competition law and policy
In the frame of the EU-funded project “EU Support to the Kosovo Competition Authority and the State Aid Commission", we organised on 1 and 2 June 2021 a two-day training workshop on the application of competition law and policy in the banking and financial services sector, for officials of the Kosovo Competition Authority (KCA), and those of the Central Bank of Kosovo (CBK).
The objective of the event was to provide expertise on this field with the support of project international experts, and also to promote greater cooperation between the KCA and the sector regulator. The seminar was also an opportunity to assist the authorities to have a fuller and mutual understanding of how competition law applies generally in the banking and financial services sector and specifically in regard to the particular issues that can arise in that sector. The training was conducted by experienced experts who presented different topics related to competition policy and enforcement in the banking and insurance markets based on EU law.
As explained by Valon Prestreshi, Chairman of the KCA, the workshop was especially important because the KCA aims at conducting a market study on the banking and financial services, one of the most important sectors in the country for which a healthy competition among the operators is eseential for a sustainable development of the sector”. During the training, the Deputy Governor of the Central Bank, Mr Sokol Havolli highlighted that competition in the banking sector in Kosovo has been continuously increasing and that this was reflected in lower loan interest over the past years. In this context, he pointed out that the Central Bank will continue to implement policies that maximally promote fair competition in the banking sector but in other segments as well. In relation to the insurances sector, he noted that the CBK and the KCA have cooperated in the field of vehicle insurances and that the CBK is making efforts towards liberalising this market.
The event was held at a venue in Prishtina, while the experts attended it via Zoom platform. The training sessions were highly interactive and a wide range of questions and issues were raised during discussions.
The EU funded Project “EU Support to the Kosovo Competition Authority and the State Aid Commission” commenced work in Pristina on 15 January 2019. The Project is being operated by a consortium led by B&S Europe and including the Competition Council of the Republic of Lithuania, Kosovo Legal Services Company LLC and the Italian firm Archidata. The Project will run until 15 May 2022.
The overall objective of the project is to support the Government of Kosovo to further develop its institutional capacity to create the basis for sustainable economy standards in line with the EU acquis and the the requirements of the 2016 EU-Kosovo Stabilisation and Association Agreement (SAA). In particular, the project is intended to contribute towards ensuring a competitive environment in Kosovo and a higher level of discipline in regard to State aid by increasing and strengthening the efficiency and effectiveness of administrative capacities in the fields of competition and State aid and ensuring the approximation of legislation in these fields with the EU legal framework.
Learn more about the project: