CBK and TAK sign Cooperation Agreement to advance information exchange and strengthen financial integrity

The Governor of the Central Bank of the Republic of Kosova (CBK), Mr. Ahmet Ismaili, and the Director General of the Tax Administration of Kosovo (TAK), Mr. Mentor Hyseni, signed a Cooperation Agreement between the two institutions aimed at strengthening institutional coordination, advancing information exchange, and supporting mechanisms that contribute to the stability, sovereignty, integrity, and sustainability of the financial and economic system of the Republic of Kosovo.

The Agreement establishes the principal framework for cooperation between the CBK and TAK in areas of mutual interest, in accordance with their legal mandates and the applicable legislation. It provides a more structured basis for the exchange of relevant data and information, the coordination of institutional activities, and the support of analyses related to financial stability, macroeconomic developments, combating the informal economy, and addressing activities that may undermine the financial or economic integrity of the country.

For the CBK, the Agreement enhances access to relevant information for financial supervision, institutional analysis, and the assessment of developments related to financial stability and integrity. For TAK, it supports tax administration, risk analysis, and the more efficient identification of informal activities or tax evasion. For both institutions, the Agreement improves the quality of cooperation, reduces institutional fragmentation, and enables a more coordinated response to issues of common interest.

The technical aspects, implementation modalities, data exchange formats, operational responsibilities, and other matters necessary for the practical implementation of the Agreement will be defined through standard operating procedures, in accordance with legal requirements.

Considering developments in the financial sector, the digitalization of financial services, the advancement of payment infrastructure, and Kosovo’s ongoing integration into European financial markets, this Agreement represents an important step toward strengthening institutional cooperation and enhancing capacities to address shared challenges.

Through this Agreement, the CBK and TAK remain committed to contributing to the strengthening of financial integrity, the protection of the public interest, and the sustainable economic development of the Republic of Kosovo.