Trust Board: We've attracted 500 million euros, cause of danger

Qehaja reporting to the Commission on Business, Work and Transfere stressed that this withdrawal has been done with the rationale of waiting for a better moment in the stock exchange.

This year's “what we've done to reduce the risk, we have about 500m euros withdrawn, we have cash, we've been drawn by the risk, from international markets, and we expect a good moment to invest”, Qehaja said.

At this meeting, Democratic Party of Kosovo MP Ferat Shala has called for accounts for losses in the Trust.

“Where is the Trust fund on the internal market? We need to use resources by building the internal capacities that would have more security. And when we see them in total, we have invested in many continents and countries 77 percent of the shares. Then, I had a wish by day that we lost shares in the last year, or how many millions of euros has been lost because of the investment crisis abroad”, Shala said.

Trust Board Chairman Ruzhdi Morina has said there is a decline in investment value 5 to 6 per cent as a result of the financial crisis in international markets.

The first “, no loss. It's good to get this word straight. At this time there is a constant movement that occurs in the value of shares, it changes daily is a different price. We can only talk about losses when that action is done. Right now we have different entity price movements. In 2021, we have had plus 227m euros in positive return, and this year we can have another performance, to see how the year ends. This year is not just a challenge to us, it's a belief in the whole world. We are trying to react fairly and reasonably. Yes, currently there is a decline in the value of the entity price, there are little and much reported in the media. It's extremely relative, it's been 5 to 6 percent, so it changes” every day, Morina said.

Democratic League of Kosovo MP (LDK), Avdullah Hoti stressed that it is good to have had a positive return during the year 2021, but it does not compensate this year's inflation either. For that, it requires more careful policies from the Trust.

We can get out of this, for any investment we have the consequences of inflation. It is good that in the past year there has been a positive return of 10.65 percent, but almost that does not compensate for this year's inflation. This is a basis for more careful policy”, Hoti said.

Three-quarters of the Trust are invested in international markets, until the directors of this institution say the current legal framework does not allow direct investment in the country.

After the review, the Commission unanimously voted in favour of the Pension Savings Fund report for 2021.