Central Bank of the Republic of Kosovo is an independent public institution and its primary objective is to promote and maintain a sound financial system and an efficient payment system
The Central Bank of the Republic of Kosovo welcomes the initiation of an amendment by the Ministry of Finance, Labor and Transfers, to the draft regulation on the suspension of municipal services for the collection of unpaid property tax liabilities.
Through this change, citizens will not be obliged to submit a property tax certificate to register their vehicles.
The CBK considers that such a measure will contribute to the reduction of uninsured and unregistered vehicles.
According to various data, the number of uninsured vehicles in Kosovo is around 25-30%, among the highest in Europe.
CBK encourages all public institutions to take all necessary actions in order to reduce uninsured vehicles.
The CBK, as a signatory to the Memorandum of Understanding on Border Policies between the Ministry of Finance, the Ministry of Internal Affairs and the Kosovo Insurance Bureau, also urges the signatory parties to implement the commitments under this agreement, including the steps they have taken to with the aim of reducing uninsured vehicles, the ultimate goal of which is the permanent solution of the problem of border policies and green card.
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