5 minutes agoKosovo's biggest employer remains private sector
Periskopi(7 years ago)
(7 years ago)The Kosovo Business Alliance today in the Kosovo Parliament, as founder and member of the Parliament Business Office in the Assembly, introduced the trend of entrepreneurship and work in 2000-2018. At this conference were Parliament Speaker Kadri Veseli, Finance Minister Bedri Hamza and Justice Minister Abelard Tahiri and business representatives [...]
The Kosovo Business Alliance today in the Kosovo Parliament, as founder and member of the Parliament Business Office in the Assembly, introduced the trend of entrepreneurship and work in 2000-2018. At this conference were Parliament Speaker Kadri Veseli, Finance Minister Bedri Hamza and Justice Minister Abelard Tahiri and representatives of various businesses and Odas operating in Kosovo.
GDP Chairman Agim Sahini said that from 2000 onward, a slow trend of average-income economic growth has been reflected and with economic growth of about 3% on average at an annual level. that has proved to be insufficient. During this period of general employment in the private and public sector is about 350,000 contributors, and mainly the biggest employer in Kosovo is the private sector with over 275,000 workers in all sectors.
On average from that time on, over 8,000 businesses have been opened in Kosovo, and 20% has been closed on an annual level, but employment can never increase more than 12,000 employees on an average annual level, while more than 25,000 young people are known to be on the job market annually.
The GDP also presented the remittances trend for the same period. According to the report, an average in Kosovo from the diaspora comes about 620m euros, while in recent years there is an increasing rate. Mostly 60% of them go to purchasing real estate. Kosovo remains the only one in the region that public sector wages are higher than in the private sector, while there is a minimum wage lower in the region by 130-170 euros, according to age criteria.
We are on the verge of spring season and the labour market is opening and opportunities for new employment are higher, where about 20 %s are expected to be employed in construction, about 17% in processing and agriculture industries.
During this period in the private sector labour market about 79, % are under work contract, about 17% have no contracts or oral contracts. The labour market will remain as the only and easiest option to provide a job, in addition to demands coming from the West.
Average labour cost in private sector in Kosovo is 505 euros
The challenge of economic development in Kosovo remains the fiscal policies which need to continue with reforms, subsidisation, which should be on the rise, the highest banking interest rate in the region, electricity supply and its expensive cost, as well as informality and unfair competition.
Parliament Speaker Kadri Veselin pledged to representatives of businesses that he will do his best to eliminate all obstacles which are a challenge to the private sector and will invite all relevant ministers for co-operation and quick solutions to the obstacles of the business community in Kosovo.
