Kosovo risks losing foreign investment

Kosovo Assembly; Photo: Kosovo Assembly

PRISTINA – The ongoing political situation in Kosovo, which caused two-month stalemate after the Parliamentary elections, shows that the country cannot provide stability, which could cause a major economic loss.

“Kosovo which is still facing serious challenges to democratic transition does not have that luxury to continue postponing the formation of a new government”, reports Koha Ditore.

Koha Ditore reminds that the political deadlock in 2014 created a significant economic loss and that because of the current parliamentary crisis Kosovo has lost 15 million euros from the IMF, adding that without new institutions Kosovo could lose 50 million euros from the EU funds for financing public administration reform.

“This sends a bad message to foreign investors”, reports Koha Ditore, adding that each time Kosovo faced with this issue, foreign investment dropped.

Earlier this week EU’s spokesperson for Foreign Affairs and Security Policy Maja Kocijančič said in a statement for the Observer Gazette that the Assembly should be constituted as soon as possible, calling at the same time political parties to respect the country’s constitution.

Also, four Western European countries and the United States have raised their concern over the ongoing political situation in Kosovo, calling on the country’s political establishment to end the institutional crisis.