The world's marketplace, BEC considers there is no big risk to Trust savings

The world's marketplace, BEC considers there is no big risk to Trust savings

The governor of the Central Bank of the Republic of Kosovo (BQK), Fehmi Mehmeti, hosted representatives of the Kosovo Pension Savings Fund (FKPK), head of the Steering Board, Ruzhdi Morina, and Managing Director Adrian Zalli, respectively. The main topic of the meeting was informing BEC leaders of the current state of FKPK's investment in markets [...]

The main theme of the meeting was informing BEC leaders of the current state of FKPK's investment in financial markets following recent events in Ukraine.

Morina announced that after 2021, when FKPK investments were up by about 11%, at this start, as due to the negative effects of pandemic on the supply chain, but especially from the war in Ukraine, FKPK investments have recognised a decline, which is currently about 4%.

“Since the main indexes in the financial markets have currently scored 15% to 20%, the 4% drop in FKPK investments can be considered fairly restrained. This largely as a result of the safeguard clauses the Steering Board has taken during January and February of this year's”, the BQC communiqué says.

Also, Morina stated that this decline, although negative, in the short term does not harm the long-term goal of the KKP, as evidenced by all of the FKPK performance indicators over three months, that are on positive ground.

We remember that Democratic Party of Kosovo MP has sent the initiative to change the Trust Law that would enable citizens to attract 30 percent of their savings in order to cope with inflation. / P ERISCOPIA

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