Increasing number of construction companies disappearing in Kosovo (Document)

Increasing number of construction companies disappearing in Kosovo (Document)

Construction companies are having breeding trends in their extinction. This is found in the report published by the Kosovo Statistics Agency on economic companies. In the second quarter of this year ( April-May-June) 30 construction companies have disappeared in Kosovo. Compared to the first quarter (Janar- February-March) the number of extinct companies [...]

Construction companies are having breeding trends in their extinction. This is found in the report published by the Kosovo Statistics Agency on economic companies.

In the second quarter of this year ( April-May-June) 30 construction companies have disappeared in Kosovo. Compared to the first quarter (Janar- February-March) the number of extinct companies stands out for three companies, after 27 companies had disappeared, the construction.info reports.

The municipalities leading up with the disappearance of construction companies in the second quarter are Pristina with 5 companies -- Peja and Prizren -- with Istog's 4 companies with 3 dead companies. This trend has also followed Pristina's preliminary quarter, which had 5 extinct companies, while Mitrovica, Ferizaj and Vushtrria had three, and with 2 companies extinct was Prizren, Suhareka and Lipjan.

Disturbing is seen in the second quarter, as it is only months when the work rate in the builder begins to rise. However, the chairman of the Kosovo Economic Ode, Safet Gerjaliu, does not see the situation disturbing. He tells of construction. Info that Kosovo is better than the region.

It is true that in Kosovo the issue of closing companies is current. It's not an alarming situation. The most alarming situations are in countries in the region where perhaps out of 100 percent of the open businesses within the year, and over 70 percent are shut down, and the maximum in Kosovo is 24 percent that means exceeding some European regional standards”, Gerjaliu said.

One of the reasons Gerjaliu mentions for closing businesses in general terms is that they “are initiated or restarted” after closing. He also points out that business in Kosovo is not being protected by informality.

Kosovo's “unfortunately, business is not protected and more is cut off by informality, which comes in terms of being exiled from within companies in Kosovo, but also from an extreme aspect by companies from the region's wider”, Gerjaliu concluded.

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