Foreign investment in Kosovo has cracked, these are the causes

They say political stability is one of the factors that obviously affect the foreign businessman's decision to start investing in another country.

Former Trade and Industry Minister Mimoza Kusari-Lila says the main problem of what investors have been removed has been corruption and bureaucracy.

“We have seen in most of the investors' statements, whether domestic or foreign, the main problem has been bureaucracy and corruption, knowing that we have a government that is coming with a clear mandate in the fight against corruption, in easing conditions for doing business in Kosovo, we consider that at first we entered with a much greater credibility loan than governments so far in Kosovo and the Parliament of the Republic is willing to support and have an active job in harmonising and fixing them and the institutional challenges that could be adjusted to the business environment, Ku1-Lilas has declared.

“I see as very positive and optimistic in what awaits Kosovo in attracting investors, an element here that should not be forgotten is the diaspora that in these elections we have had unprecedented support in participation, and we have a wealth there which so far has only been used in consumption and remitability alone, and very little has played a role in supporting and active participation in the economy if through investments and strategic planning and not because of them, but with the lack of creating good conditions and sometimes leaving them, Ku1> McCa> has said the economy for the O'Ocline.

Kusari-Lila believes Kosovo has natural resources and has a youth that can engage in work.

“There was because there was no general will because I remember that from the time I was Minister of Trade and Industry, because when you have a political subject that has a clear mandate that doesn't need coalitions. Kosovo has natural resources, and we can still take a moment for this young man to engage in work”, Kusari-Lila has said.

Economics expert Bardh Ahmeti said foreign investments in the country have already been scrapped and some time, he even says an annual value of 300m euros from foreign investments is not being achieved.

The foreign direct investments in our country have been spending many years and years, and we are failing to achieve the value of 300 million euros in annual foreign investment, and this as a result of the continuing and not stability of the institutions we have here and then add to the fact that even inadequate rule of law and corruption”, he said.

Ahmeti has indicated that the biggest investor in the country is IPKO. He has also talked about investor evacuations, where he has mentioned the removal of a German investor.

Kosovo's largest “Investator can say it's IPKO as a private investor, while evacuations have been at some point, while the departure that has left the greatest emphasis has been that of RVE of a German investor who beyond the investor has also influenced diplomatic and political reports”, he has said.

The subx0 institutions have very simple investment absorption, as we have a host of comparable priorities even with the region that can bring us out as an interesting country to investors in the fact that we have a very competitive youth and workforce, we have a very good fiscal package, we have customs liberalisation compared to imports, we have some free trade agreements, we have euro currency that is stable and a financial system, then geographical position and road infrastructure”, he said.

In addition, he also cites the inability of Kosovo institutions officials to properly promote the numerous resources the country possesses.

“requires a more serious approach with economic diplomacy, co-operation with our strategic partners, as well as strengthening the rule of law in the country, and all of this would help make better use of our potential and capacities for attracting investments. We need to focus on having serious investors and significant sectors, investments mostly come from our diaspora that are mainly in the real estate and trade sector, and they are not very stable investments, they need to have a more serious approach, and we need to have investments in the production, food processing, agriculture and textile processing”.