BDO expands into Kosovo
BDO Kosovo formed after efforts by BDO Croatia
BDO HAS its first Kosovan member firm.
BDO Kosovo was inaugurate in August 2010 and received its audit licence in October. The new firm is an initiative of BDO Croatia.
Guy Sadeh, of BDO in Croatia, is taking the lead in developing the firm in its initial stages.
“Financial recovery in Kosovo has been slow but steady in recent years, with GDP rising and unemployment falling and a tangible increase in foreign investment as well,” said Sadeh.
Martin van Roekel, BDO’s global head of network development, added: “Although the situation remains challenging, the government is undertaking various reforms and we can expect an increasing number of national businesses to be ready to compete in both regional and global markets in the not too distant future.”
The combined fee income of all the BDO member firms, including the members of their exclusive alliances, was $5.3bn (£3.4bn) in 2010, across 119 countries.