a minute agoBusinesses in Kosovo risk closing due to EU sanctions
Periskopi(3 years ago)
(3 years ago)If EU sanctions on Kosovo are to be experienced, Kosovo businesses will face millions of losses, say the country's producers, who export their goods. Nijazi Musliu, representative of the company “Eurometal”, says these sanctions would cause complications in many areas. Applying these punitive measures to Kosovo, towards Kosovo government, where [...]
The application of these punitive measures to Kosovo, to the Kosovo government, where we are most affected by how many governments there are then a very negative impact. So our own contact with the international companies of Eurometel is a company that exports 100% of its products to the states of Europe, that affects the first contact when we contact, they're asking what's the situation in Kosovo? If these measures happen, of course, we also have contracts that we have for 2024 over 2025, and that means that we have to deal with our employees so we can't keep them off the jobs and our company's millions' punishments that our contracts are 2024 with those companies.
The Economy Ministry earlier confirmed that Kosovo has remained outside the EU's 7.5 billion-euro programme for the Balkans, which aims to accelerate Europe's digital transformation and secure financing for projects in the fields of technology and innovation. Agim Sahin from the Kosovo Alliance of Business says that if these sanctions are put into practice, Kosovo risks losing over 500m euros in projects.
It remains a matter of days or weeks of how political events and the political decisions of Ks for them to be activated, and if they are activated, then Kosovo can lose over 500 million euros in projects that capture infrastructure projects, public projects that are locked up by local companies to carry out those jobs and that will affect the fall of power for export,... There is no area that we have no support from the European Commission from various global financial funds, including infrastructure the justice system, businesses, economy, IT, health, education services and all. It means that we will always have support in different forms and that will affect us to be the first country or the post-war country that someone in the Balkans gets this deep sanctions.
Experts of economic issues cite several dimensions that would affect EU economic measures. Economics professor Safet Gerjaliu considers that the situation can only solve dialogue.
I say it economically because it's really negative. We may not have a short-term knowledge, but after two months or three four will feel negative efficiency. The integration process has slowed down, it's a damage to K's image psychologically, but today I believe it's not easy for Kosovars to be comfortable with such a degree because it's well known that such measures only Russia and Serbia have had and that Kosovo can get on such a list is the worst damage it can do. So I believe that the dialogue has to be understood, there is no alternative, I believe that a real partnership is needed between relevant acts in Ks and definitely US neutrality.
The EU and the US warned Kosovo of sanctions the cause of their disregard for their requests to the Kosovo government for marking the situation in the country's north.
