Kosovo’s Ministry of Economy has inked a deal with the state-owned lead and zinc mining and smelting conglomerate, Trepca, for the provision of 1.13 million euros ($1.23 million) in state funding. This sum represents the second installment of a total 3 million euros in subsidies earmarked for investments aimed at facilitating a financial turnaround for the complex, according to Deputy Economy Minister Getoar Mjeku.
Additionally, the government has greenlit a 20 million euro loan to support Trepca’s equipment needs, Mjeku announced via a social media post.
The year 2022 marked a significant milestone for Trepca as it recorded its first profitable year since 1999. The complex reported a net profit of 1 million euros, a positive shift from the 1.4 million euro loss incurred in 2021.
In May, Kosovo’s Ministry of Economy and Trepca formalized an agreement for the initial state subsidy installment amounting to 1.9 million euros.
Established in 1927, Trepca specializes in the production of lead and zinc, along with manufacturing machinery for metal and mining, as well as batteries.
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