Loss of 20 million in arbitration, curse that did not honor Kosovo

Kosovo's government has lost arbitration in the case with the American company “Contour Global”, where it will be forced to pay over 20m euros.

Regarding this economist, Safet Gerjaliu has said that this decision is quite harmful for Kosovo at this time of price hikes and the political situation.

“Kosovo is a country that has huge capacities and reserves of lignite reserves, and if even in these conditions you are even further transformed into a state dependent on energy import, then paramend what is the damage being done to Kosovo. The time when such a decision has been made is irresistable, we have inflation, an increase in uncontrolled prices, we have an escape from citizens, and the fact that we have this situation after the terrorist attack in Banjska, where it requires better assistance and conditions for police, and a 20m-euro sentence comes to believe that it is a curse, which did not honor Kosovo”, he has declared in Kosovo 1.

He said Kosovo is stuck in the direction to attract foreign investors.

“With this image that it has created and with this economic stability in recent times it is most likely that we will have foreign investments, but they will not be here”,

Otherwise, the contract with “Contour Global” was signed during 2017 for the construction of the “New Kosovo thermal power plant, which was scheduled to be the largest foreign investment worth 1.3 billion euros.