Kosovo not very attractive for European investors

Kosovo not very attractive for European investors

Pristina, September 30, 2014/Independent Balkan News Agency

By Elton Tota

Economy experts say that the current political crisis is turning Kosovo into a black hole for European investors.

They say that political instability and lack of security in the domestic plan are negative signals for foreign investors, who are scared of investing in Kosovo.

Expert of economic issues, Shkelzen Dakaj told IBNA that the lack of institutional stability, insecurity, corruption, power supply shortages, are deterring investors, who prefer to invest in neighboring countries and not in Kosovo.

“There have been many companies who have wanted to invest in Kosovo, but the lack of suitable economic conditions has obliged them to invest in other countries such as Albania, Macedonia, Serbia and Montenegro, which have offered more suitable conditions in attracting investors”, says Dakaj.

Head of the Kosovo Chamber of Commerce (KCC), Safet Gerxhaliu says that in 2014, foreign companies have expressed little interest to come to Kosovo and this is worrying.

According to him, there must be a more pragmatic approach toward foreign investors and also domestic investors, who in the near future, may leave the country.

In 2013, Turkey was the biggest investor in Kosovo with 82.8 million Euros or 28% of the total.

According to a study carried out by KCC, other states that have a significant weight in terms of direct foreign investments in Kosovo are Switzerland (14%), Germany and Albania (7%), etc. /ibna/