9 hours agoKB: Foreign investors don't even ask to come to Kosovo after all these political drives
Periskopi(10 months ago)
(10 months ago)The Kosovo Alliance of Business (AKB) estimated that lack of functional governance, high energy prices and lack of judicial security make Kosovo unattended for investments, further deepening political poverty and uncertainty. GDP Chairman Agim Sahini said foreign investors don't even ask to come to Kosovo after all [...]
GDP Chairman Agim Sahini said foreign investors don't even ask to come to Kosovo after all these political drives
Kosovo will have a BPV economic downturn compared to last year around 3 percent. This makes us more poor, even though we are the second poorest country in the EU and Europe, so we are continuing even more. Businesses are highly damaged, foreign investors do not, nor do they ask to come to Kosovo after all these political drives and all those protests for electricity. They have nothing to come to. Kosovo is no longer attractive to anything that moves an investor to come. We don't have Government, House, We have legal uncertainty, we have the most expensive energy in Europe. This presents Kosovo as an unfriendly country for business and investment. The sooner the constitution of the Parliament will turn to Kosovo attention even to foreign investors. We've lost our local investors this year. All of this is making us more poor, unstable state that promotes, not security, but poverty and political uncertainty. This leads Kosovo to be an inappropriate investment country,” stressed Sahin.
Sahin said Kosovo has lost over 880m euros in funds dedicated by the European Union and important infrastructure projects have been suspended.
“GDP has warned last year that the year 2025 will be the electoral year and electoral political crises. After attempting to build the Assembly we have passive administration, we have contract stops, contract extensions, especially from contracts that produce domestic economic development, we have economic and political drives. Let's not talk about diplomatic stalemate, because we already know Kosovo is in a diplomatic and political mortorium”, Sahin told Online Economy.
He added that about 25 per cent of production businesses' activities have been halted, while Kosovo risks a 3 per cent economic decline in BPV compared to last year.
The “Gjas are for Kosovo to be in economic mortorium because about the last six months around 25 percent have halted the businesses of local producers. Also, losses are as high as we can't calculate whether there are 300 million or 1 billion or 1 billion or half, because all those financial resources that have been planned for Kosovo, whether by the EU for growth and economic recovery, are already dedicated to any other state, and Kosovo has lost them and they are more than 880m euros. Also, other parts of the funds are almost lost in many infrastructure projects that have been planned to be supported by international funds, completely suspended and stopped”, Sahin told Online Economy.
