2 minutes ago109 days without Government: Economy suffers millions of losses, car registration robs citizens
Periskopi(7 years ago)
(7 years ago)After the June 2010 general elections, political parties in Belgium failed to form the government for 589 days. Similar crises have occurred in other countries, and the effects on these countries' economy were catastrophic. Kosovo has no effective government since 19 July, or now 109 [...]
World economists have been alarmed that in such situations when there is a rash, revolution, or even a constitutional and institutional crisis, countries may face catastrophic consequences in terms of economic growth.
So the situations where the state is without government in unstable times do not necessarily constitute a failure to function the state.
According to The Guardian, the American economy had suffered losses of $11 billion because of the 35 - day partial closure.
Of course, the Kosovo situation changes. But, the non-sertification of results by the CEC and the inability of the first two parties -- LVV and LDK -- to link the coalition to forming the new government -- has an alarming effect on the local economy.
Time is one of the most valuable resources in the economy, and the CEC, VV and LDK, seems to be forgetting that.
Although there is no measurement done by local economists, the overall estimates are that Kosovo's economy will be damaged for tens of millions of euros from all this time without effective governance.
Economist Mustaf Kadriaj has declared for Periscope that procrastination in question has resulted in economic gap “and from which the consequences will bear citizenship and generally Kosovo's perspective.
We mentioned earlier that Kosovo has been without effective governance for 109 days, since Ramush Haradinaj's resignation, and this represents 1/3th of a calendar year. In view of Kosovo's economic situation facing energy unemployment of nearly 30 percent, increased inequality and seriously challenged informality [up to 30 percent], this becomes an alarming issue.
Finally, the Kosovo Central Bank. [ The CEC approved the request of insurance companies to increase the tax on Kosovo citizens by 36%. This is an alarming decision that will burden Kosovo citizens' pocket.
Currently, according to data from Kosovo Police, there are over 300 thousand unregistered vehicles in Kosovo. The further extent of this annual process will only prevent Kosovars from registering them, thus risking even more safety in road traffic. /Periscopi/Zana Rugova
