Pay delays from Emergency Package, businesses remain at the mercy of fate

The chairman of the American Chamber of America (OEAK), Arian Zeka, said that with the current public debt law Kosovo could increase it to 40 per cent gross local product.

“With the current public debt law Kosovo could increase debt to 40 per cent gross domestic product. Right now that I know it's 18 percent, which means that the area for public debt growth is pretty big. The good news is that we have room for increased public debt but we have to be extremely careful in this regard”, he said.

In his wake, delays in the dissemination of the state's promised means have left many companies to the mercy of fate and with tremendous loss.

Some of them have also been accommodated to their obligations, be they credit or other operational obligations, and which, of course, are expected to be carried out following the easing measures. Therefore, delays in the decomposing of state-run means leave these companies in a difficult position, in terms of liquidity, but are already on new obligations created after job recovery. Access to finance has been problematic in this country, so we have insisted on quick supporting these companies”, he told EO.

So this is the main problem, the inability of these companies to start, but on the other hand, we have another problem related to the reduced level of employees' revenues over these months, which has to do with low consumption. Some of the companies that have continued to work continue to face trouble in terms of revenues, resulting in relatively low consumption”, he said.

Speaking of losses from the pandemic, concern remains the amount offered by the emergency fiscal package and delays in this regard.

Zeka says these losses had to become proportional to the damage done to these companies.