Kosovo is a disputed territory and the independent country in South Eastern Europe, in central Balkans. After a lengthy and often violent dispute with Serbia, Kosovo declared independence in February 2008. It is largely Albanian-speaking and Muslim but there are also significant numbers of minorities living within its borders, especially Serbs. Kosovo borders Albania to the west, Montenegro to the North West, Macedonia to the south, and Serbia to the northeast. Kosovo has a humid continental climate with Mediterranean and oceanic influences, featuring warm summers and cold and snowy winters. The Flora and Fauna of the Kosovo forests are quite rich due to the exposure to the Mediterranean climate. Kosovo is a multi-party parliamentary representative democratic republic.
The Economy of Kosovo is a transition economy. Kosovo was the poorest province of the former Yugoslavia with a modern economy only established after a series of federal development subsidies in the 1960s and 1970s. During the 1990s abolition of provinces, autonomous institutions followed by poor economic policies, international sanctions, little access to external trade and finance, and ethnic conflict severely damaged the already-weak economy. Since the declaration of independence in 2008 Kosovo's economy has grown each year, with relatively low effects from the global financial crisis; while there are many weaknesses for its potential in the future, many of them related to its internationally disputed status, there are also potential strengths, including its very low level of government debt and future liabilities and the strength of its banking system. Kosovo remains one of the poorest areas of Europe, with as much as 45% of the population living below the official poverty line, and 17% being extremely poor according to the World Bank.
|Agriculture||Vegetables, fruits, cereals|
|Manufacture||Mining, cement and construction, textiles, food and beverages, tourism, metallurgical industry.|
|Services (Including financial)||64.5% (2009 EST.)|
The history of Kosovo is intertwined with the histories of its neighboring regions. The name "Kosovo" is derived from the Kosovo Plain, where the Battle of Kosovo was fought between Serbia and the Ottoman Empire. Kosovo's modern history can be traced to the Ottoman Sanjak of Prizren, of which parts were organized into Kosovo Vilayet in 1877. In antiquity, Dardania covered the area, which formed part of the larger Roman province of Moesia in the 1st century AD. In the Middle Ages, the region became part of the Bulgarian Empire, the Byzantine Empire and the Serbian medieval states. It was then conquered by the Ottoman Empire an exact 70 years after the Battle of Kosovo. In 1913 the Kosovo Vilayet was incorporated into the Kingdom of Serbia, which in 1918 became part of Yugoslavia. Kosovo gained autonomy in 1963 under Josip Broz Tito's direction, an autonomy which was significantly extended by Yugoslavia's 1974 Constitution, but lost its autonomous institutions in 1990. In 1999 UNMIK stepped. On 17 February 2008 Kosovo's Parliament declared independence, as the Republic of Kosovo, with a partial recognition of that declaration.
Before Kosovo declared independence in 2008, Kosovo unilaterally adopted the euro as its currency in 2002 when it was a United Nations mandate; although, it is not an official Eurozone member. Like Germany, Kosovo switched to the euro on 1 January 2002. The Deutsche Mark remained legal tender in Kosovo until 9 March 2002.
.The change to the euro was achieved in cooperation with the European Central Bank, and several national banks in the Eurozone. By December 2001, about 100 million euro in cash was frontloaded to the Banking and Payments Authority of Kosovo. Kosovo does not mint any coins of its own.
|GDP||18.442 Billion USD|
|GDP Growth Rate||3.3 Percent|
|GDP Per Capita||$$9,600 (estimated) (PPP)|
< 1.0% Hindus
< 1.0% Buddhists
< 1.0% Jews
< 1.0% Other Religions
President - Hashim Thaçi
Prime Minister - Ramush Haradinaj
|Website||Go to the web|
|Public Debt||20.577 Percent|
|Unemployment Rate||N/A Percent|
|Labor Force (Occupation)||-|