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Prague, Czech Republic News

11.07.2008 - Kosovo promised more than one billion euros

International donors have pledged more than one billion euros to help build Kosovo's battered economy.

The Czech Republic news are represented by www.prague-czech-republic-accommodation.com

At a donor conference in Brussels, 1.2 billion euros was pledged, led by the European Commission, the US, and Germany. Kosovo Prime Minister Hashim Thaci promised that his government would put the money to good use in a region that has been notorious for corruption in the past. Unemployment lies at around 40 percent in the former Serb province that declared independence in February. Some 40 countries, including much of the EU, recognise Kosovo as an independent state. Serbia and its ally Russia do not.

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