BECC requires increased care in managing pension money

Central Bank of the Republic of Kosovo Governor Fehmi Mehmeti met with members of the Kosovo Pension Savings Fund (FKPK), led by Ruzhdi Morina, reports the statement.

In this case, he requested more detailed clarifications about recent developments regarding the financial performance of FKPK investments, which despite positive performance during most of the year 2018, in the last quarter of 2018 marked decline as a result of developments in global financial markets.

Mehmeti positively praised the performance of the pension contributions investment in the past ten years, which according to FKPK reports, has provided a positive return to investments worth 380.09m euros, broadcast Koha.net.

The governor also asked FKPK representatives to increase caution in managing short-term global markets, similar to those of the past period, in order to minimize risks for investing pension contributions of Kosovo citizens.

Finally, the governor called for increased FKPK communication with the public so that citizens can be well informed and have proper understanding of developments in global financial markets and which directly affect the value of their pension savings.

On the other hand, FKPK Steering Board leader Ruzhdi Morina announced the Governor about developments related to FKPK investments in international financial markets, stressing that the marked decline in the last quarter of 2018 to one measure has compensated for the positive return marking FKPK investments during January 2019.

He stressed that FKPK investments are based on a very careful investment policy based on a very conservative balance between return and danger, which in the long term has resulted in a very satisfactory performance of investments. /Periscopi