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4 hours agoKosovo's number of new businesses in production, agriculture
Periskopi(8 years ago)
(8 years ago)The number of new businesses has marked decline in Kosovo during 2017, despite easing procedures for starting business. So says the Financial Stability Report published by the Central Bank of Kosovo, where it turns out that the number of new registered companies has an annual decline of 11.5%, which finds only registered [...]
The sectors that have seen the most decline in the number of registered businesses are production and retail and retail trade, followed by agriculture.
But the decline in the number of businesses does not consider the measuring instrument for the health of an economy, economist Naim Gashi.
The one for Indexline has said that the economy in Kosovo is based on works contracted by the state at the local and central level, and there is no fair competition. Everything in the world is founded and businesses die. Our economy is unfortunately based on state-registered jobs at the local and central level, and unfortunately we don't have a fair competition between them. Businesses close to power at all levels usually have easier access to the market, as opposed to those that do not possess these”, Gashi has said.
According to him, the most disturbing is the fact that the number of businesses in the production and agriculture sector has decreased because these sectors directly influence local productivity and reduced dependence on imports.
“Decreasing the number of businesses in the production and agriculture sector is disturbing, for the fact that they directly affect local productivity and reduce dependence on imports. The production and agriculture sector is also the host of the creation of new jobs that our economy desperately needs” has completed.
There is also an improvement in the number of closed businesses.
According to this report published by the CEC, the number of companies that failed to survive the market has dropped to 1623 from 2360 companies closed as they were a year ago.
