4 hours agoSahin: Middle Eastern conflict endangers global markets, directly hits Kosovo economy
Periskopi(4 months ago)
(4 months ago)Kosovo Business Alliance Chairman Agim Sahini has warned of the economic consequences that could bring to the escalation of the conflict in the Middle East, stressing that Kosovo is particularly vulnerable due to the lack of state energy reserves. Sahin said the current situation in the Middle East is corrupting markets throughout [...]
Sahin said the current situation in the Middle East is corrupting markets worldwide, while the impact in Kosovo is expected to be even more sensitive.
The current situation in the Middle East will disturb markets all over the world, and especially in Kosovo, where we have no supply of liquid energy, which is oil, and today there have been oil price movements”, he said of FrontOnline, the transmission Periscope.
According to him, these developments testify to the vital importance of creating state reserves.
This shows how important state reserves are to keep the citizen in reserve. Unprecedented wars make global economic disarrays, and these pay citizens wherever they are”, Sahin stressed.
He added that a large portion of the world's oil supply comes from Arab states and that there is currently serious risk to the supply chain, due to uncertainty in shipping.
The Arab states provide almost a large percentage of the world with oil, and now supply through tanks has been jeopardised, which directly affects the increase of costs”, he said. /Periscope
