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First Soft Loan Project with Austria Signed

Ministy of Finance of the Republik of Kosovo
27. February 2014

A five million Euros loan for e-Education

Kosovar Minister of Finance Besim Beqaj stated that the signing of the agreement for financing the E- education project represents implementation of priorities for the Government of the Republic and this will impact positively the quality of education and building of education capacities. The loan was signed in the presence of the Minister of Foreign Affairs of Kosovo Enver Hoxhaj and the Minister of Foreign Affairs of Austria Sebastian Kurz. "
This project, which will be implemented within the Ministry of Education, Science, and Technology, is a result of signing of the Agreement on Financial Cooperation between the Ministry of Finance of the Republic of Kosovo and the Ministry of Finance of the Federal Republic of Austria which offers soft loans for development projects.
The agreement signed on June 5, 2012 has a financial framework of 20 million euros, and the e- Education project represents a first agreement in regards to the use of this financial framework.
Funding / loan agreement was signed between the Republic of Kosovo and the Unicredit Bank Austria ( Unicredit ) , and is guaranteed by the Austrian Control Bank ( OeKB ) as an export credit