The Board of Directors of the Privatization Agency of Kosovo, in its last meeting, has amended the bylaws regarding sales by public tender. The amendments are made with the aim of increasing transparency and efficiency in the process of tendering and selling assets. According to the amended regulations, upon the announcement of future sales (SHAL), in the tender documents and on the official website of the Agency, two additional pieces of information about the assets for sale will be published: the category of assets announced for sale and the minimum sale price of the assets.

"Publication of the category of assets announced for sale: During the publication of new waves of asset sales, the asset category will be included for each asset/property being sold. The information document will disclose the category: i) agricultural property, ii) residential property, iii) commercial property, or iv) industrial property. The criteria for categorizing properties are: i) current use, and ii) potential use of the property in the future. The categorization of assets will serve only for the purpose of determining the minimum price for their sale and will not have any other effect on changing the category of assets in the cadastral registers," the statement says.

According to the KPA: “Publication of the minimum sale price of assets: The second change relates to the fact that for each asset/property that is sold, it will be disclosed to the public.ikun information on the minimum sale price. The minimum price means the lowest value determined by the KPA for the sale of an asset. This price is set to ensure that an asset is not sold below its reasonable value. If there are no bids above this price, the sale process will be repeated in the next sale wave. For objects being tendered, the indicative price is presented in €/m² (euro per meter), while for lands being tendered the indicative price is presented in €/gold (euro per gold)”.

The PAK also announces that the minimum price for the sale of assets will be the value of the properties (according to areas and value levels) determined by the Ministry of Finance, Property Tax Department, for property tax purposes. If this price turns out to be a very low price, or where there is no assessment by the Ministry of Finance at all, then the minimum price will be determined by the method of calculating the average price of sales realized by the PAK within the last three (3) years.

Also, the value of deposits will be determined according to minimum prices and in two categories: for assets with an indicative price of up to €100,000, the deposit will be 10% of the value; for assets with an indicative price over €100,000, the deposit will be 5% of the value. Meanwhile, for movable assets, the deposit is determined by the Department of Regional Coordination and Operations.