Economic downturn in Kosovo this year is expected to be 7.2 per cent

Economic downturn in Kosovo this year is expected to be 7.2 per cent

The economic downturn in Kosovo in 2020 as the cause of the Devid-19 pandemic is expected to be 7.2 percent. Economic recession in the country is expected to be deeper than anticipated earlier, but the same could change in the coming months on the basis of developments with pandemics. In [...]

Reasoning economic growth over the past year, Governor Mehmet also spoke of the movement of consumer prices in the country, where he said it is determined by external movements as a result of the dependence on imports.

“in 2019 Kosovo's economy is estimated to have had an annual increase according to data that we have received from the AKS marks 4.94 per cent compared to the 3.4 per cent growth we had in 2018<18x1>, he said.

As for projections for the country's economy during 2020, Deputy Governor Sokol Havolli said expectations are for a decline.

The projections should be looked at on frequent grounds because developments have been predicted by institutions with high expertise. Initially, expectations have been that recession during the pandemic will form the letter V. But this turns out to be a recession that will take a little longer time meaning that it will also be deeper than the show rate in the report... we during the past week have done a series of revisions within the CEC, we still don't expect that under regular reports to be published it has gone to 7.2 per cent for the economic downturn during 2020<18x>, he said.

And LVV parliamentary group deputy Mimoza Kusari-Lila said that for the 55 positions the interior audience has named illegal are not defined by pay level regulations. She was also interested in BEC preparations for arbitration with UteCredit.

Their subx0... For these positions, no pay level is determined which means there is no precise regulation of who should be paid. In an answer you denied that these were invented and you said these positions existed. Adding that none of them are in conflict with domestic law or regulations. We are talking about 55 such positions identified on the BQK's salary list, including the reporting year you are reporting... these institutions already in international arbitration have indicted Kosovo, and as a result we have to make sure that all procedures have been followed by the CEC that there is sufficient argument and evidence to protect Kosovo. Otherwise we'll face millions of lawsuits as we're having reason, or in other cases”, MP Kusari Lila said.

But in his reaction, Governor Mehmeti said the auditing report being based on MP Kusari-Lila has not been approved on the BQK's board since it contradicts their law.

He also reasoned on some of the positions within the structure of its leadership. While stressing that the arguments stand on the BQK's side in arbitration with UteCredi.

All of the governors have had cabinet chiefs as well as Hashim Rexhepi, Gani Grguri, even when it was Bedri Hamza constantly after cabinet chiefs. They are not illegal positions, or new statistical positions, it is not an illegal position. That is what he refers to, the new statistic, the new official, the new economist, overseer. They're not illegal positions, none. As for the number of staff you are familiar with and can contact IMF officials, we have recommendations written since they referred to an audit report where staff in the BQC are required to be recruited. We still haven't reached the number of staff that were budgeted in 2017... we've given them recommendations to improve, not improve, and they've come into a situation to reduce the license. One of them has gone to arbitration that is Iutecret and other Monego has gone to the Court of Appeals in Kosovo and has missed the case. Even in the case of UteCredit we have made all necessary preparations in order for the case to be 100 per cent in favour of the CEC”, he said.

Meanwhile, the Commission for Boards and Transfers unanimously adopted in principle the draft bill for amendments to the Law on Financing of Political Partys.

Although this bill was considered necessary for increased accountability and transparency for political subjects, it was addressed by MPs on certain provisions involving the auditing of political parties and the way of donations.

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