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.
We are seeing improvements in foreign demand. The Bank expects that strong increases in U.S. business and residential investment will particularly benefit the sectors of Canada’s export market that have lagged thus far, notably machinery and equipment and wood products.