Kosovo Energy Corporation-Debt Collection Strategy

This thesis considers the Kosovo Energy Corporation j.s.c (KEK) debt collection difficulties amounting to € 350 million in receivables. This enduring issue has seriously affected KEK’s financial status. With privatization pending, this will find KEK burdened with receivables mature over 10 years, hence negatively impact value. Addressing this problem will involve multidimensional efforts, arduous analysis and tremendous creativity. The average income in Kosovo stands at €249 [2]. The unemployment remains high. During 2008, unemployment rate was 47.5% [3]. In these economic circumstances, collecting debt presents a difficult challenge. The ultimate goal is to produce a win-win outcome that does not suppress economic objectives while also respecting legal, social and ethical values. It is my conclusion that this problem can be solved, after all: “Whether you think you can or you cannot, you are probably right” Henry Ford