Political instability, obstacle to attracting investment

Problems such as electricity supply, lack of qualified workers, informality and corruption are also problems facing the private sector, KTV reports.

Even as a result of these phenomena, there are not many interested in foreign direct investments in Kosovo.

The executive director of the American Oda in Kosovo, Arian Zeka, said that whenever foreign investors meet senior state officials, they face promises that never exist.

For him, it's a black spot for attracting foreign investment.

Economic Affairs expert Naim Gashi said the statements, which are often delivered by specific political subjects for the secession of specific contracts when they come to power, signal discouraging to foreign investors.

To solve this problem, he says political parties must reach consensus for the future, in order not to discourage investors.

According to findings of research conducted by the American Economic Oda, corruption is a serious problem for 98 percent of businesses operating in Kosovo.

72 percent of them do not trust the judicial system.

Business Recording Agency data shows that only early this year, 192 businesses with at least one foreign owner have opened. The total number of businesses with at least one foreign owner is over a thousand.

According to research conducted by Kosovo's Economic Oda, as a result of its non-responsive energy supply, the private sector in Kosovo over the years has spent more than 580m euros on the purchase of generators, failing to calculate oil derivative expenses.