6 minutes agoRafuna: It's hard to convince investors that Kosovo has development
Periskopi(2 years ago)
(2 years ago)Prime Minister Kurti, during an economic fair in Turkey this week, has called on Turkish businesses to come to invest in Kosovo because according to Prime Minister Kosovo is champion in the Balkans in respect of the law. Kosovo Central Bank data shows that in 2023, there were investments in Kosovo [...]
Kosovo Central Bank data shows that in 2023, there were foreign investments in Kosovo about 800m euros, mainly from the diaspora, over 90 percent of them for purchase of real estate, which falls infinitely less than neighboring states.
In Serbia over 4.5 billion foreign investments. Big role has played investment from China.
Foreign investments in Albania stood at over 1 billion, about 400m euros in investments made by Kosovo businesses. In Montenegro over 1 billion euros
While in northern Macedonia over 600m euros and foreign investors have declared they are unwilling to invest again in northern Macedonia due to lack of strategy
Kosovo Economic Ode Chairman Lulzim Rafuna says Kosovo is having trouble convincing investors that it is not the same as in 1999.
“I have had other meetings with other potential investors, we are finding it hard to get rid of that image that we have 99's picture as a war-deterred country because investors are thinking we're stuck behind and when they're coming they're seeing development they're standing amazed: but it's also because the state should offer investment security and the problem with Serbia is a matter that's impacting a lot of<1>, Rafu told Rt21.
Economy recognisers reason on the large amount of foreign investment in Serbia with the largest number of citizens and the potential for greater sales in European countries. Economics Professor Safet Gerjaliu says that while in Kosovo the main word is “fight”, Kosovo will continue to suffer for foreign investors.
In Serbia alone, the Turkish state has created more than 20,000 jobs not to talk about other investments, as we in Kosovo are constantly talking about possible war with Serbia and we don't have a political stability we will never succeed in bringing these investors to our country”, Gerjaliu said.
While Kosovo Economic Ode Chairman Lulzim Rafuna estimates that investments making the diaspora are not bringing economic development. It lays the need for a change in access to this level.
We're not happy because only 80 million are investments which we can say have opened jobs, because others have mostly gone to housing purchases, real estates and this isn't like us”, Rafuna added.
Experts of the circumstances also consider it necessary for Kosovo to submit an adequate offer for potential investors.
