It will be a "sign of state and civic respect for (Bush's) contribution to the freedom of Kosovo", the statement said.
Morning classes in Kosovo schools on Wednesday will also be dedicated to the US leader.
In the 1990s, Bush's administration showed an early interest in the plight of ethnic Albanians in Kosovo who were marginalised under Serbian rule.
His government hosted Kosovo Albanians in Washington and in 1992 he warned then-Serbian strongman Slobodan Milosevic that the US would respond militarily if Serb troops started a war in Kosovo. Less than a decade later war broke out between Serbian troops and ethnic Albanian guerillas.
In 1999, a US-led NATO air campaign forced Serbia to withdraw, ending the conflict and paving the way for Kosovo to declare independence in 2008.
A main street in the capital Pristina is also named after the late Bush's son and also an ex-president, George W. Bush, whose administration lent key support when Kosovo declared independence.
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