USAID: Citizens of Kosovo are not happy with the situation of economy

USAID: Citizens of Kosovo are not happy with the situation of economy

Pristina, 27 May 2015/Independent Balkan News Agency

By Elton Tota

Head of USAID to Pristina, James Hope, said today that citizens in Kosovo are not happy with the economic development of the country and the business climate.

“Economic development is of a vital importance. Many people are unhappy with the economic situation and the challenges of doing business.”, declared Hope during a meeting dubbed “Encouragement of Economic Development: The new legal framework”, organized by the parliament of Kosovo and USAID.

Hope said that the American organization is interested to help in the improvement of the business climate.

“The legal framework which is in the agenda today is designed to improve the business climate and address many challenges of efficiency”, he added.

Part of this panel was also the speaker of parliament, Kadri Veseli. The latter said that for a quicker economic development, there must be investments in the private sector and in preparing the labor force to face the requests of the market.

“The rate of economic growth is not sufficient. This growth must be over 7%, but this cannot happen with the current dynamic of the private sector. We must increase the productivity of the labor force and prepare it for the demands of the market”, he said.

According to him, the state must drive the youth toward the private sector and invest in their entrepreneurial skills.

Veseli has also mentioned the high interest rates on loans as a challenge, where he said that it’s the duty of the government and parliament to work in order to decrease the banking interest.

Part of this meeting were also Muhamet Mustafa MP, Albulena Haxhiu MP and business representatives. /ibna/