Governor Ismaili meets the Director General of the Tax Administration of Kosovo, Mr. Mentor Hyseni: Current initiatives and expansion of inter-institutional cooperation discussed

The Governor of the Central Bank of the Republic of Kosova (CBK), Mr. Ahmet Ismaili, accompanied by the Deputy Governor Mr. Dardan Fusha, hosted a meeting with the Director General of the Tax Administration of Kosovo (TAK), Mr. Mentor Hyseni, along with his associates. During the meeting, discussions focused on strengthening inter-institutional cooperation between the CBK and TAK, with particular emphasis on information exchange and enhanced coordination in the areas of financial supervision and banking operations, as well as improving mechanisms that contribute to the transparency and integrity of the country’s financial system.

The discussions also addressed issues related to the regulation and disclosure of financial transactions, as well as data sharing, with the aim of increasing transparency, strengthening the integrity of the financial market, and supporting efforts to combat informality and prevent activities that are not in line with the regulatory framework.

Governor Ismaili initially highlighted the importance of advancing institutional capacities and harmonizing processes between the two institutions, emphasizing that effective cooperation is essential to ensure the sustainable functioning of the financial system and to support the country’s economic development, including new projects related to the digitalization of financial services. Legal initiatives in the financial sector were also highlighted, along with activities related to financial inclusion, access to finance, and financial education. He also informed Mr. Hyseni about key developments in the financial sector, including the development of the fast payment infrastructure – TIPS Clone, as well as activities undertaken toward integration into SEPA, bringing the country closer to the financial infrastructure of the European Union.

On the other hand, the Director General of TAK praised the role of the CBK in safeguarding financial stability and expressed TAK’s readiness to intensify cooperation in areas of mutual interest, including digitalization, data exchange, and coordination of mechanisms to prevent and combat illegal activities at the national level.

At the end of the meeting, the parties agreed to continue with coordinated steps aimed at strengthening financial governance and increasing institutional efficiency. They also agreed on the possibility of signing a memorandum of cooperation between the CBK and TAK to formalize and deepen collaboration in areas of common interest, emphasizing that the harmonization of actions is a key component in preserving the integrity of the financial market and maintaining public trust, in line with international best practices.