Over a thousand businesses went bankrupt for 10 months

This data has made Kosovo's Ministry of Trade and Industry public through a written response from the ministry's media office.

But MTI has not explained what the reasons for bankruptcy of these businesses have been.

However, according to MTI data, the increase has also marked the registration of new businesses for the 10th month of 2018, with total numbers of 8 thousand and 433 businesses. While a year earlier for the same period, 8 thousand and 93 businesses were registered.

But, the number of over a thousand businesses that are bankrupt, is disturbing to Kosovo's Afarism Ode board member Hamdi Malushaj.

He says the main reason businesses cannot survive in Kosovo is the climate of doing business.

According to Malushaj, there is no respect for laws, which he says the legal regulation is one of the causes that influence businesses to go bankrupt. “Clima doing business in Kosovo is the main cause of business bankruptcy. Banking on many arguments, it is legal regulation, I appeal to the legal regulation that the law in Kosovo is not implemented. We're used to hearing that from almost many competents, out of all debates, analysis, has always been that Kosovo has good laws but there is no law enforcement. The truth has been that there were neither good laws nor wills for application. Part of the great will to implement laws has been part of legal spaces where it prevents economic development from interferring to businesses according to the official's wishes and using those weak business points for the benefit of someone”, Malushaj said.

He has said that there is no favourable climate for doing business in Kosovo.

We don't find business. The state has 10 times, 20 times, or up to a thousand for a job. We don't find anywhere, that business today doesn't offer any conditions, without its own blame, that the climate of doing business does business. Conditions to do business in Kosovo are almost a heavy burden on the laws as well as the state, not as hard as it can work, have the right to”, he has indicated.

Besides the Ministry of Trade and Industry, there is the Kosovo Statistics Agency that publishes reports every three months about the number of registered businesses. But there are no reports about the number of businesses that fail.

Days ago, the AKS has released the report for the third quarter of 2018, with 2,000 and 212 companies registered over time.

“concerned with the preliminary quarter (TM2 2018) in TM3 2018 has dropped by 16.1% of registered companies. Similarly, compared to last year's same period (TM3 2017) has seen a drop in companies registered for 0.1%”, the report says.

The AKS has also made known the economic activities that have been recorded during this three month,

The most popular economic objectives in this quarter were: trade with 519 companies registered (23.5%); production with 214 registered companies (9.2%); acomoting and communication activities with 212 registered companies (9.6%); construction with 189 companies registered (8.5%); professional, scientific and technical activities with 182 registered companies (8.2%); information and communication with 149 companies registered (6.7); agriculture, forest and fishermanry with 145 registered companies (6.6%); while taking part in other activities at a smaller level of <1).

As for the geographical alignment of registered companies at the level of municipalities, the report reportedly leads the Pristina municipality, followed by Ferizaj's, then Prizren, Gjilan, and Mitrovica.

Meanwhile, in the second three months of this year, totaling 2 thousand and 636 companies have been registered, according to the report, which notes growth of 17.8 per cent compared to the same three months of 2017.

In the first quarter of 2018, there were 2,000 and 556 companies registered, according to the ASS report compared to the same period in 2017, there was a 10.3 per cent drop in registered companies.