'Richest Albanian' to Become Kosovo President

Behgjet Pacolli, who is believed to be among the richest Albanians in the world, will be the new President of Kosovo following snap elections in December.

This deal was negotiated between Pacolli's small New Kosovo Alliance and PM Hashim Thaci's Democratic Party of Kosovo, which won the elections.

Pacolli controls a large international construction and civil engineering business.

The two parties have largely split the composition of the future cabinet. Thaci's Democratic party will reportedly have the PM's slot, one vice-PM and 8 ministers, as well as the Chair of Parliament.

Minister seats have also been reserved for parties representing Kosovo's minorities, including Serbs.

Initially Thaci hoped to make of coalition with former PM Ramush Haradinaj's party Alliance for the Future of Kosovo, but the Alliance declined.

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