US companies are interested on investing in Kosovo

US companies are interested on investing in Kosovo

Pristina, 3 August 2015/Independent Balkan News Agency

By Elton Tota

Kosovo continues to be a difficult destination for foreign investors, in spite of the interest expressed by several world known companies.

Powerful American companies have also expressed their interest to invest, but the lack of legislation and rule of law make them hesitate when deciding about real investments in Kosovo.

The only hope for the country at the moment relates to several incentives which the government has pledged that it will implement. These incentives relate to the drafting of laws that offer more safety and a better business climate for international companies.

The head of the American Chamber of Commerce in Kosovo, Arian Zeka says that during these 8 months, the government has focused more on the tax package and tax laws.

According to him, foreign investors are optimistic about the situation in the country, but concrete results are yet to be seen.

He hopes on a new legal framework which would make potential investors engage in direct talks with the state.

He also says that some of the US companies have expressed their interest in investing in some domains which are not traditionally known in Kosovo.

According to Zeka, an American company is interested in opening a plant for the production of military parts and armored vehicles.

Sokol Havolli, adviser on economic affairs to PM Isa Mustafa, says that currently, the government is working with the law which enables them to negotiate directly with investors. /ibna/