A major objective of the donor agencies and the Institutions of the Republic of Kosovo is the development of Kosovo’s private sector economy. Hereupon, the Kosovo Institutions have adopted a set of laws to ensure an investor-friendly environment including: regulations on foreign direct investment; repatriation of capital; the purchase of real estate; the registration of businesses and land; and the establishment of 99-year leaseholds for land that were property of social owned enterprises (SOE).
The Privatisation Agency of Kosovo (PAK) www.pak-ks.org is established as an independent public body that shall carry out its functions and responsibilities with full autonomy, by the Assembly of Kosovo Law No. 03/L-067, on the PAK. The PAK is established as the successor of the Kosovo Trust Agency regulated by UNMIK Regulation 2002/12 “On the Establishment of the Kosovo Trust Agency”, as amended, and all assets and liabilities of the latter shall be assets and liabilities of the PAK.