By lajmi.net+

The member of the Board of the Pension Savings Fund (Trust), Driton Qehaja, said that 500 million euros were withdrawn, as a result of the risk in the international markets.

Qehaja, while reporting to the Committee for Budgets, Labor and Transfers, emphasized that this withdrawal was made with the justification of waiting for a better moment in the stock market.

“This year, what we have done to reduce the risk, we have somewhere around 500 million euros withdrawn, we have cash, withdrawn from the risk, from the international markets and we are waiting for a good moment to invest”, said Qehaja.

In this meeting, the deputy of the Democratic Party of Kosovo, Ferat Shala, demanded accountability for the losses of savings in the Trust.

“Where is the Trust fund in the domestic market?” We need to use the resources by raising the internal capacities that would have more security. Whereas, when we look at them in total, we have invested 77 percent of the shares in many continents and countries. Then, I had been wanting for days how many shares we have lost in the last year, or how many million euros the fund has lost due to the investment crisis abroad”, said Shala.

The chairman of the Trust Board, Ruzhdi Morina, has said that there is a 5 to 6 percent decrease in the value of investments as a result of the financial crisis in the international markets.