Business Partnership Facility

Leveraging Kosovo’s talents to bridge Luxembourg’s finance skills gap

• Kosovo
• 2024
• Ongoing

Challenge

Luxembourg, recognised as one of Europe’s leading financial centres, is currently facing a talent shortage, particularly in the area of investment fund accounting. In Kosovo, a very young population fluent in English opens up opportunities to support EU skills gaps while at the same time addressing employment creation needs of the country that does not fuel migration.

Innovative solution

The partners are setting up a back-office solution in Kosovo, dedicated to providing high-quality accounting services for investment funds, family offices, and asset managers based in Luxembourg and Europe, drawing particularly on services developed by E-lma in Luxembourg. Young graduates from Kosovo are being recruited and trained to work remotely with these companies in the financial sector. The project places a strong emphasis on continuous professional training to keep pace with market dynamics and is especially committed to promoting women’s employment as a central priority.

Impact

• Creation of 100 skilled jobs by 2027
• Professional integration of 100 young individuals, with 50% being women, offering a competitive salary through quality initial and ongoing training that aligns with industry standards.

Targeted Sustainable Development Goals

• 
  100 young graduates will benefit from specialised training programmes that are specifically tailored to market needs. This training will supplement their initial education and significantly enhance their long-term employability prospects.
• 
  50% of the employed individuals will be women, ensuring a balanced and equitable representation in the workforce.
• 
  In Kosovo, 100 young graduates will be recruited for skilled positions. They will be offered competitive salaries, which will not only enhance their financial stability but also improve their overall purchasing power, contributing to the local economy.

Latest news about the project

News

• Business Partnership Facility

  
  Mar. 2025

  Launch of the 13th edition of the BPF – Strategic partnerships for innovation and impact in developing countries

  Does your company hold expertise or technology with a large social or environmental impact potential? Looking to test your solution through a pilot project or to introduce it to new markets? Submit your project for Business Partnership Facility (BPF) for a co-financing of up to EUR 200,000 to develop new…
• Business Partnership Facility

  
  Mar. 2025

  Building Innovation Bridges

  Explore how the BPF has supported the partnership between Compellio and Kutia in launching a Web3 innovation programme in Kosovo.
• 
  Mar. 2025

  Future-proofing: Smart solutions for a changing world

  In a world where production and environmental conditions are constantly evolving, adapting to new realities is essential to safeguard progress and accelerate the achievement of the SDGs. Here’s a quick look at how the team behind LuxAid private sector engagement funds supports enterprises built to thrive in the future.
• LuxAid Demonstration Fund

  
  Mar. 2025

  Solutions for food security: How the LuxAid Demonstration Fund supports a Rwandan business futureproofing fodder production

  Are you curious about the impact of projects co-financed by the LuxAid Private Sector Engagement Funds? Meet UKC, a pioneering company supported by the LuxAid Demonstration Fund in Rwanda, as they tackle one of the country’s biggest challenges—land pressure and agriculture productivity.
• Business Partnership Facility

  
  Oct. 2024

  BPF Event – Inspiring and Connecting Changemakers in Luxembourg!

  On 14 October 2024, over 100 people gathered at the House of Startups for a vibrant BPF event filled with inspiration, discoveries, and opportunities to meet pioneers of business innovation.
• LuxAid Challenge Fund LuxAid Demonstration Fund

  
  Nov. 2024

  2 M EUR boost for Kosovar business innovators tackling key challenges in manufacturing, education, healthcare and mobility

  The Luxembourg Development Cooperation has just opened a call for proposals targeting enterprises with bold, innovative solutions to tackle societal challenges. Through the LuxAid Challenge Fund (LCF) and the LuxAid Demonstration Fund (LDF), businesses can secure up to EUR 350,000 in co-financing to scale transformative ideas in manufacturing, education, healthcare,…
• LuxAid Challenge Fund

  
  Jul. 2024

  Revolutionising cold food storage with solar power in the Sahel

  In sub-Saharan Africa, a striking 38% of food production is lost between cultivation and post-harvest. Could solar energy provide a game-changing opportunity to extend food preservation and strengthen food security? Explore two pioneering solutions from the winners of the first LuxAid Challenge Fund, driving impactful change across the Sahel!
• LuxAid Challenge Fund

  
  Nov. 2023

  First LuxAid Challenge Fund call for projects launched in the Sahel!

  Co-financing opportunities : Young companies in Burkina Faso, Mali and Senegal, on your marks! The Luxembourg Development Cooperation is launching a call for projects to accelerate innovation in distance learning and food safety. Get up to €140,000 in support!
• LuxAid Demonstration Fund

  
  Feb. 2024

  Recap: Rwanda’s very first LuxAid Demonstration Fund 

  Rwanda hosted the first edition of the LuxAid Demonstration Fund. Spotlight on promising initiatives to keep an eye on!