Iron Murati blocks the process for members of the Trust Board, blocked it even to BQC Governor

It is not known who has competed, nor when they will go to the Kosovo Assembly for approval, the names of members of the Board. These only know the minister of finance, Iron Murati.

The audience general of Kosovo, the Minister of Finance and the Governor of the CEC are competent persons to select the names of people who will be sent to the Assembly. But the CQ has no idea what's going on with the selection.

Trust spokesman Jeton Demi said on December 27, 2022 Kosovo's Pension Savings Fund has handed it over to the Central Bank of Kosovo, which is the assisting institution for the Election Commission, all documentation of candidates for members of the FKPK Steering Board, according to the competition announced on 2 December 2022 at the request and full knowledge of the Election Commission.

Demi cannot offer Periscope the names of candidates for board members.

“Since the Election Commission also recognises the issue of meeting a set of conditions by FKP Steering Board member candidates, we suggest that for this list you address the Kosovo Central Bank since perhaps not all applications were received or may have been taken into account by the Election Commission, so a list released by us could create misunderstandings or misinterpretation<1>, Demi added.

Ahmeti, BQC's spokeswoman, says that based on Article 4, paragraph 4.6 of Law No. 04/ L-101 for Kosovo Pension Funds Changed and Complete with Article 2, paragraph 1 of Law No. 05 L-116 a selection commission proposes to the Assembly for Free Countries in Membership or for the appointment of members of the Kosovo Pension Savings Fund Steering Board. He says that according to this article, this Commission will be made up of the WEC-master Governor, General Auditor and Finance Minister.

I inform you that based on legal requirements, during 2022, on March 14, 2022 and October 24, 2022; as well as on January 5, 2023, Governor Mehmet has applied to the Minister of Finance and the General Auditor regarding the process for members of the Kosovo Pension Savings Fund Steering Board. However, so far, Governor Mehmeti has received no response from relevant institutions concerning the candidate's selection for members of the Kosovo Pension Savings Fund's Steering Board”, Ahmeti has told Periscope.

Periscop couldn't get an answer during the day from Finance Minister Iron Murati, about who the contestants' names are, and when their names will go to the polls.

It is learned that in the race for this competition there are about 50 people, and now ambition for a second term has also shown members who have been on hold until a few weeks ago.

With the mandate expired of the five members, from March 1st 2023, the Kosovo Pension Savings Fund will not be able to make any decision concerning investing pension means for investment, withdrawal or moving pension means.

The value of FKPK's undermanagement vehicles on 31 December 2022 reached 2,412,052,183 euros. Return to investment has been minus 120m euros.

According to the Trust, negative performance for the year 2022 resulted in a series of negative and serious factors for the global investment environment. “The consequences of the Covid-19 pandemic (with high inflation, delays in the supply chain, loss of purchasing power and budgetary difficulties across the globe) were added (and further exacerbated) the war in Ukraine; it encouraged rising prices of electricity, oil, food products and created an alarming situation for the future of the global economy and investment performance. All these negative events left serious consequences (comparable to 2008) in devaluation of indexes in the world's top stock exchanges”. /Periscopi/