The youngest state on the European continent
Kosovo is the youngest state in Europe. On February 17, 2008 the parliament in Pristina declared Kosovo's independence from the Republic of Serbia.The relationship between the Albanian majority and the Serbian minority is tense ‒ ethnic conflicts are impeding economic development, particularly in the north of the country. Kosovo is one of the poorest countries in Europe. Unemployment is widespread and families are often dependent on remittances from relatives living abroad. KfW Development Bank has been assisting Kosovo since the war ended in 1999, to establish an efficient and sustainable power supply, upgrade municipal infrastructure and promote small enterprises, so that they can evolve into an engine to power the Kosovan economy.