8 hours agoKB alarms: Businesses are leaving outside Kosovo, 600 of them left for Albania alone
Periskopi(a year ago)
(a year ago)The Kosovo Alliance of Business has expressed concern over the economic situation in the country, saying the country's businesses are leaving outside Kosovo, and that this trend is ongoing. It has also been said that 600 businesses have been evacuated for Albania alone, Periscopi broadcast. According to the UN, direct investments from Kosovo in [...]
According to the KB, direct investments from Kosovo to Albania for 2024 reached about 100m euros a 32% increase compared to the previous year
Businesses are investing outside Kosovo is losing inside
The Kosovar Alliance of Business (AKB) expresses its deep concern for the continuing trend of capital outflow and Kosovo businesses towards markets in the region and the European Union. According to some data, in 2024, about 600 active capital companies from Kosovo leave Albania. Direct investments from Kosovo to Albania for 2024 reached about 100m euros ʹ an increase of 32% compared to the previous year. The total stock of Kosovo investments there has reached an estimated 450m euros since 2020, the post says.
On the other hand, the UN says that the trend in question implies direct consequences of domestic development conditions.
) This trend not only represents increasing interest in new markets, but is also a direct consequence of unfavourable conditions for domestic development in Kosovo. Kosovo businesses leave because of: lack of institutional support, legal and procedural uncertainty, lack of economic incentives for local capital with expensive policies and discrimination, and unfair competition in the local market, follows further.
Besides, the GDP has praised this as a serious alarm for Kosovo institutions, and that the same has called for urgent planning of a National Economic Pact.
) ) The GDP stresses this is a serious alarm for Kosovo institutions. Instead of protecting capital and local enterprises, current policies are forcing them to seek survival abroad. In this direction, the UN: requires urgent drafting of a National Economic Pact, including public institutions, private sector and diaspora; It invites Kosovo's Parliament and Government to undertake structural reforms that enable attractive environments for domestic investment; It warns of the long-term economic and social consequences resulting from capital distribution and decline of trust in the local economy. Capital is the blood of the economy and Kosovo cannot progress by losing its business blood, President I said at the end Mr. KB. Dawn Sahin. Well, it says in post of GDP.
