Foreign investments in Kosovo see a drop

Foreign investments in Kosovo see a drop

Pristina, January 5, 2015/Independent Balkan News Agency

By Elton Tota

Foreign direct investments in Kosovo during 2014 saw a fall. Economy experts in Pristina say that Kosovo has an unfavorable climate for foreign investors. According to them, the high level of corruption and numerous other problems have not helped investors to transfer their capital to Kosovo.

Head of Kosovo’s Chamber of Commerce, Safet Gerxhaliu, says that 2014 saw a shrinking of foreign investments. According to him, this comes as a result of economic failures that have led foreign investors to leave for other countries. He says that institutions of the country are doing very little for foreign investors and little less domestic investors.

Head of “Riinvest” institute, Lumir Abdixhiku, says that foreign investments in Kosovo are falling year after year and the reason, according to him, relates to the difficult business climate, bureaucracy, corruption, the inefficient of courts and the lack of political stability.

“Kosovo is not being a good example for foreign investors. For a variety of reasons, businesses that come to Kosovo, end up in countries of the region. I think that corruption must be fought, bureaucracy dismantled and there must be more attractive policies which can attract investors”, says he.

But, this is not the opinion of the head of the Agency for the Promotion of Investments, Valdrin Lluka. He says that investors have not complained about the business climate in Kosovo, while stressing that they have never encountered cases where investors leave Kosovo.

“There has been a slight fall of investments, but figures are optimistic. Foreign investments in Kosovo amount to 250 million Euros”, says he.

According to Kosovo’s Central Bank, in the second quarter of 2014, foreign investments in Kosovo saw a fall of 3,6 million Euros. /ibna/