Session

Management, Business and Economics

Description

Kosovo, as a new state in the region and Europe, has a relatively new, with serious allegations towards achieving upward-trend sustainability. After a deep transformation from a centralized economy, in an open market economy, with all the destruction made during the war, Kosovo has managed to create the basis for economic development, in parallel with regional developments. Goals that the relevant institutions have set themselves about the economy, related to enhancing the competitiveness of the economy on the regional, European and global trade, by reducing trade deficit, increasing exports, absorption of the foreign direct investments, membership in regional and global organizations, by being already a member of CEFTA, IMF, World Bank, EBRD, ECB and aspires to the WTO. As a new country for business development, facing all the current challenges, Kosovo offers numerous opportunities and a wide range of business activities, such in agriculture, tourism, viticulture, extraction and processing of metals, technological innovation, food industry, etc. But particularly, it is worth mentioning great opportunities for economic development, which are linked with many natural resources owned by Kosovo, then a relatively young age workforce, with an average age of about 30, suitable climatic conditions, very favorable fiscal policy, where taxes are the lowest in the region, the geographical position, which makes Kosovo a regional economic crossroad, modern institutions in supporting business, the euro, which avoids the risk of the Eurozone and financial stability, assisted in particular by the IMF. With these features, Kosovo represents an ideal model, which can be used in the best way for investment. However, the relevant institutions should work further to promote investment opportunities in parallel with overcoming the challenges that are damaging the image of the state.

Keywords:

Economic development, investments, opportunities, resources

Proceedings Editor

Edmond Hajrizi

ISBN

978-9951-550-12-3

First Page

80

Last Page

84

Location

Durres, Albania

Start Date

7-11-2015 9:00 AM

End Date

7-11-2015 5:00 PM

DOI

10.33107/ubt-ic.2015.26

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Nov 7th, 9:00 AM Nov 7th, 5:00 PM

Opportunities for investments in Kosovo

Durres, Albania

Kosovo, as a new state in the region and Europe, has a relatively new, with serious allegations towards achieving upward-trend sustainability. After a deep transformation from a centralized economy, in an open market economy, with all the destruction made during the war, Kosovo has managed to create the basis for economic development, in parallel with regional developments. Goals that the relevant institutions have set themselves about the economy, related to enhancing the competitiveness of the economy on the regional, European and global trade, by reducing trade deficit, increasing exports, absorption of the foreign direct investments, membership in regional and global organizations, by being already a member of CEFTA, IMF, World Bank, EBRD, ECB and aspires to the WTO. As a new country for business development, facing all the current challenges, Kosovo offers numerous opportunities and a wide range of business activities, such in agriculture, tourism, viticulture, extraction and processing of metals, technological innovation, food industry, etc. But particularly, it is worth mentioning great opportunities for economic development, which are linked with many natural resources owned by Kosovo, then a relatively young age workforce, with an average age of about 30, suitable climatic conditions, very favorable fiscal policy, where taxes are the lowest in the region, the geographical position, which makes Kosovo a regional economic crossroad, modern institutions in supporting business, the euro, which avoids the risk of the Eurozone and financial stability, assisted in particular by the IMF. With these features, Kosovo represents an ideal model, which can be used in the best way for investment. However, the relevant institutions should work further to promote investment opportunities in parallel with overcoming the challenges that are damaging the image of the state.