9 hours agoGDP: Over 1,000, 500 businesses closed this year in Kosovo
Periskopi(a year ago)
(a year ago)The Kosovo Alliance of Business has conducted a 2024 entrepreneurship study of the opening and closing of businesses in Kosovo between January 01th and December 2024. According to this study, about 11,000 and 500 new businesses have opened, but over 1500 active businesses have been closed over the years. The reasons [...]
According to this study, about 11,000 and 500 new businesses have opened, but over 1500 active businesses have been closed over the years.
The reasons for the closure were different: Loss of competitive power, expensive loans and banking services, unfair competition, no access to public tenders, taxes and high penalties, obstacles to obtaining permits and labour licenses in the builder, no support from the central and local government, bureaucracy and corruption in grants.
Agim Sahin chairman of GDP says this trend continues to be the same since 2021 of the opening and closing of businesses in Kosovo.
“The Kosovoers have initiatives to open businesses but not all have successes, the government should support these initiatives more and forgive penalties and fines which are high Kosovo”.
