On 26 October the Heads of State and Government of the euro area agreed on a comprehensive set of measures to restore confidence and address the current tensions in financial markets. These measures include: First, an agreement to secure the decline of Greek debt to a level equivalent to 120% of GDP by 2020.
However, despite the readiness and efforts of the CBK, the Board and Management of the Insurer has failed to meet the legal requirements and improve the financial situation of the Insurer. At the same time, the shareholder of Insurer “Kosova e Re” did not respond to the CBK’s requests for capital increase and achieve compliance with applicable legal requirements.