All NewsEducationTVBrokers
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
All NewsHome
← Back to European Politics & Markets

Kosovo parties agree to elect president, ending deadlock

Created at 31 Aug · 1:30 PM1 source↑ Market-relevant
IN SHORT

Vetevendosje and LDK parties in Kosovo have agreed to back the election of a new president, potentially ending nearly two years of political deadlock. The proposed candidate, law professor Bekim Sejdiu, could help stabilize institutions needed for EU membership.

Key Numbers

58seats for Vetevendosje in parliament
18seats for LDK in parliament
80votes required to elect a president

Who's Involved

Albin Kurti
Caretaker Prime Minister of Kosovo and leader of Vetevendosje party
Vetevendosje (VV)
Political party that won the June 7 snap election
Democratic League of Kosovo (LDK)
Opposition party that agreed to back the new presidential candidate
Bekim Sejdiu
Proposed presidential candidate, law professor and former ambassador

↳ Why This Matters

The agreement to elect a president is crucial for Kosovo to form stable institutions, which is a prerequisite for its EU membership aspirations and accessing vital EU funding.

Key facts

  • Vetevendosje and LDK parties have agreed to support the election of a new president in Kosovo.
  • Bekim Sejdiu, a law professor and former ambassador, is the proposed candidate.
  • The agreement aims to break a political deadlock that has lasted nearly two years.
  • The two parties, along with minority groups, can muster the required votes in parliament.
  • Electing a president is crucial for stable institutions needed for EU membership.
  • Kosovo's ruling Vetevendosje party and the opposition Democratic League of Kosovo have reached an agreement to elect a new president, potentially resolving a political deadlock that has persisted for nearly two years. The proposed candidate is Bekim Sejdiu, a 51-year-old law professor at the University of Pristina, who has previously served as Kosovo's ambassador to Turkey and consul general in New York.

    Prime Minister Albin Kurti's Vetevendosje party secured 58 seats in the 120-member parliament in the June 7 snap election. While this is enough to form a government with smaller minority parties, Kurti lacks the two-thirds majority needed to elect a president. The agreement with LDK, which holds 18 seats, along with support from other minority parties, is expected to provide the necessary votes.

    Kosovo, one of Europe's poorest nations, is striving for European Union membership. Brussels has emphasized the need for stable institutions capable of implementing reforms required for accession. Political instability has hindered these reforms and slowed access to EU funding. The election of a president is largely ceremonial but vital for institutional stability.

    Failure to elect a president had previously triggered the June snap election, the third national vote in less than 18 months. It remains uncertain when lawmakers will convene to elect a parliamentary speaker, approve a new government, and formally vote on the presidency.

    Frequently asked questions

    The main parties are Vetevendosje (VV), led by caretaker Prime Minister Albin Kurti, and the Democratic League of Kosovo (LDK).

    The proposed candidate is Bekim Sejdiu, a 51-year-old law professor at the University of Pristina, former ambassador to Turkey, and former consul general in New York.

    Electing a president is seen as crucial for establishing stable institutions, which is a requirement for Kosovo's bid to join the European Union and receive EU funding.

    Kosovo faced nearly two years of political deadlock, with the failure to elect a president having previously triggered snap elections.

    What Happens Next

    01Lawmakers to convene to elect a parliamentary speaker.
    02New government to be approved.
    03Parliament to vote on the election of the new president.

    How It Developed

    Vetevendosje and LDK parties agreed to back a new presidential candidate.
    Bekim Sejdiu, a law professor, was proposed as the presidential candidate.
    The agreement could break nearly two years of political deadlock in Kosovo.
    The two parties, with minority support, can secure the votes needed to elect a president.
    Failure to elect a president previously triggered snap elections.

    Sources

    T1
    Kosovo parties strike deal to elect president, breaking deadlockReuters

    Related Stories

    Italy's population projected to fall by 4 million by 2050
    31 Aug · 11:53 AM
    Iceland parliament to discuss EU bid withdrawal after referendum defeat
    30 Aug · 3:15 PM
    Meloni government set to become Italy's longest-serving as reforms stall
    31 Aug · 7:37 AM
    UK PM Burnham Signals Tax Rises Amid Fiscal Crunch
    30 Aug · 3:35 PM
    France, Germany propose EU foreign policy overhaul
    31 Aug · 10:16 AM