Kosovo's Bureaucracy Hinders Investment
Pristina | 19 June 2009 |
Bureaucracy surrounding the registration of businesses in Kosovo hinders foreign investment, according to the World Bank Advisor for local governance Mikra Krasniqi.
According to Krasniqi, the procedure of obtaining business licenses needs to be simplified and made more affordable in order to increase foreign investment.
At an Investment Promotion Agency of Kosovo workshop entitled The Importance of Direct Foreign Investment and Cooperation of Governmental and Local Governance Activities, bureaucracy and unprofessionalism at the local level in Kosovo was discussed.
Jonuz Kastrati, spokesperson for the Ministry of Trade and Industry, said the state must support local levels of government in boosting methods of attracting foreign investment.
“The government must closely cooperate with municipalities for attracting foreign investment, since it is considered a very important passport to economic development, the opening of workplaces and the improvement of citizen welfare,” said Kastrati.
Kosovo is the poorest country in Europe with an unemployment rate of around 40 percent, according to the World Bank.
The head of the Investment Promotion Agency of Kosovo, Mustafe Hasani, said that Kosovo needs to make more of its vast natural and human resources in order to compete in the international market.
(Reporting by Shega A’Mula)
At an Investment Promotion Agency of Kosovo workshop entitled The Importance of Direct Foreign Investment and Cooperation of Governmental and Local Governance Activities, bureaucracy and unprofessionalism at the local level in Kosovo was discussed.
Jonuz Kastrati, spokesperson for the Ministry of Trade and Industry, said the state must support local levels of government in boosting methods of attracting foreign investment.
“The government must closely cooperate with municipalities for attracting foreign investment, since it is considered a very important passport to economic development, the opening of workplaces and the improvement of citizen welfare,” said Kastrati.
Kosovo is the poorest country in Europe with an unemployment rate of around 40 percent, according to the World Bank.
The head of the Investment Promotion Agency of Kosovo, Mustafe Hasani, said that Kosovo needs to make more of its vast natural and human resources in order to compete in the international market.
(Reporting by Shega A’Mula)
