Zeka: Frequent elections are hindering economic development, attracting investors

According to him, investors want to expect what judicial security will be for them or what the new ruling coalition will produce in terms of strengthening the private sector and economic development.

The frequent elections that have been held in our country are not that they have brought any economic innovation. If elections have had any impact on economic governance and attracting foreign investment, there have been negative impact. If we analyze all the election years since 2014 it's been the lowest rates of foreign direct investment, even though it's a hypothesis maybe untested”.

“Yet investors want to expect what judicial security will be for them or what the new ruling coalition will produce in terms of strengthening the private sector and economic development. The elections definitely have a negative impact on economic growth and attracting foreign direct investment, the worse that in our case the same are being held a little over a year”, he added.

Zeka added that what has been seen in past years is that there are no detailed programmes, but it is about unstructed ideas stemming from a part of the programme.

What we're looking at is actually what we're looking at and what we're hearing from any part of the political party programmes at least in terms of economic development is often being said because the campaign has not officially begun then official publication of detailed” programmes is expected.

But what we've seen in the past years is that there are no detailed programmes, but it's about structured ideas that come from a part of the program that has to do with economic development. We cannot talk about creating jobs and empowering the private sector if we don't address the education issue, since this seems to be the main concern of private sector companies”.

He said help should be offered to businesses and employees who have lost their jobs, EO reports.

<x) And on the other hand, it's about helping to provide businesses with employees who could lose their jobs”.

We're seeing a limit here that everything relates to the fact that the government is in charge. If the government is on duty and has some moral restraint on decisions that need to be made, this should be true of those that are election promises. However, current institutional leaders who are in charge cannot make decisions that impose budgetary obligations on future governments, although the effects will extend over the years to come”.