a minute agoPandemia reduces import, export in Kosovo
Periskopi(6 years ago)
(6 years ago)The pandemic caused by the coronary has affected almost all economic spheres. Since the announcement of emergency measures that have been taken for the prevention and spread of coronary, import of products, including consumer decline, has been reduced in Kosovo. According to Kosovo Customs data, only for March and April [...]
According to Kosovo Customs data, for March and April alone this year, import of products has marked decline -- over 139m euros -- while export of goods from Kosovo to other countries to over 3m euros.
“From 01.03. 2020 to 30.04.2020 import of products from other countries in Kosovo has been more than 441m euros, up from over 580m euros in the same period last year”.
The export of over 61m euros as it was in March and April last year has dropped to 58m euros”, the Adriatic Stavileci said in a response to Radio Free Europe.
In parallel with import, consumption has also been reduced, which, according to experts on economic issues, directly affects state budget revenues.
This, as the largest budget value is filled by Kosovo Customs and Kosovo Tax Administration revenues. Kosovo is dependent on the import of foreign products, whether from the region or from the European Union countries, as the domestic production industry still remains slightly developed.
