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KOSOVAPRESS News

Foundation stone laid for Industrial Park in Frashër, million-euro investments promised

More than €30 million will be invested in 14 industrial parks in Kosovo over the next three years. This was announced by acting Prime Minister Albin Kurti during the laying of the foundation stone for the Industrial Park in the village of Frashër in Mitrovica, a project valued at nearly €1 million. The ceremony highlighted the aim of creating more favorable conditions for production, investment, and employment, with a focus on technology, innovation, and value-added industries.

According to Kurti, the investment in the Frashër Industrial Park is part of broader efforts to support Mitrovica’s economic development and create conditions for production and job creation.

“In this way, we are repaying a small part of the large debt we owe to Mitrovica, which has contributed so much to the development and culture not only of Kosovo but of the entire Albanian nation. And now we are returning this through an investment here in Frashër, totaling nearly €1 million for this industrial park, where businesses from Mitrovica, from Kosovo, and also foreign investors will be able to operate, so that production increases and employment grows,” Kurti said.

He added that the government aims to modernize infrastructure for manufacturing businesses and boost exports.

Kurti: Over €30 million invested in 14 industrial parks across Kosovo

“The more businesses produce, the more conditions are created for increasing exports and substituting imports, improving the trade balance, and achieving overall socio-economic progress. Over the next three years, the Government of the Republic of Kosovo will invest more than €30 million in 14 industrial parks across the country, because we want infrastructure for producing and employing businesses to be as modern as possible. Here in Frashër, works have already begun and basic infrastructure is being built, followed by additional infrastructure that will further modernize the industrial park and make it attractive for businesses,” Kurti said.

Acting Minister of Industry, Entrepreneurship, Trade and Innovation, Mimoza Kusari-Lila, said the government’s focus is on increasing domestic production and developing value-added industries.

Kusari-Lila: Kosovo aims for technology, innovation, and value-added industries

“We as a government and ministry are committed to directly improving the trade balance, replacing imports with domestic products, and positioning Kosovo as a country that produces value-added goods. Products that do not compete with mass-production countries, but those that create added value. Therefore, this park is expected to host manufacturing companies in the fields of technology and innovation, including across the broader industrial spectrum, while also adding the component of a clean economy,” she said.

Mitrovica Mayor Faton Peci said the municipality aims to create more favorable conditions for investors and businesses, noting that improving infrastructure and allocating parcels are key priorities for attracting investment.

The inauguration ceremony for the commencement of works and laying of the foundation stone of the Industrial Park was organized by the Ministry of Industry, Entrepreneurship, Trade and Innovation.