The Central Bank of the Republic of Kosovo hosted Hungary’s new Ambassador to Kosovo, László István Dux, for talks on key developments in Kosovo’s financial sector, including legal and regulatory reforms and the resilience and integrity of the financial system. Governor Ahmet Ismaili outlined steps taken to prepare for an expected application to join the Single Euro Payments Area (SEPA), while flagging delays caused by the non-publication of financial-sector laws due to constitutional review. The meeting also covered progress on the planned fast payments system “TIPS Clone”, which the central bank expects to improve payment efficiency and financial inclusion, and internal institutional reforms aimed at strengthening organisational capacity and internal governance in line with recommendations from international partners. The parties also reaffirmed cooperation to advance Kosovo’s legal framework in line with European Union standards and support integration into relevant European mechanisms.
Central Bank of the Republic of Kosovo 2025-07-21
Central Bank of the Republic of Kosovo discusses SEPA preparation and the TIPS Clone fast payments project with Hungary’s new ambassador
The Central Bank of the Republic of Kosovo hosted Hungary’s Ambassador for discussions on financial sector developments, including legal reforms and system resilience. Governor Ahmet Ismaili highlighted preparations for joining the Single Euro Payments Area (SEPA) and progress on the "TIPS Clone" fast payments system. The meeting also addressed internal reforms and cooperation to align Kosovo’s legal framework with European Union standards.